For a C99 compiler implementing exact IEEE 754 arithmetic, do values of f, divisor of type float exist such that
It's certainly not possible if non-default rounding modes are possible. For example, in replacing 3.0f / 3.0f with 3.0f * C, a value of C less than the exact reciprocal would yield the wrong result in downward or toward-zero rounding modes, whereas a value of C greater than the exact reciprocal would yield the wrong result for upward rounding mode.
It's less clear to me whether what you're looking for is possible if you restrict to default rounding mode. I'll think about it and revise this answer if I come up with anything.