How much cash would Deere have to pay to repurchase the 6.55% debentures at the quoted market price of 108.104

$216.208 million

Explanation:

It should be noted that the bonds are being traded at a premium which ch is the quoted market price of 108.104.

Due to this, to retire the bonds, Deere would pay more than the carrying value. Therefore, the cash outflow would be calculated as:

= $200 million × 108.104%

= $200 million × 1.08104

= $216.208 million

This would lead to a loss of: ($216.208 million - $200 million = $16.208 million) in debentures repurchase.

The answer is $216.208 million

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