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Assume Deere & Company's 2 0 1 6 1 0 - K reports the following footnote relating to long - term debt. Deere's borrowings include

Assume Deere & Company's 201610-K reports the following footnote relating to long-term debt. Deere's borrowings include $200 million, 6.55% debentures (unsecured bonds), due in 2028(highlighted below).
Long-term borrowings at October 31 consisted of the following in millions of dollars:
Notes and debentures 20162015
Medium-term notes:
Average interest rate of 9.2%-2015 $20
Swapped $170 to Euro at average variable interest rates of 3.1%-2015250
7.85% debentures due 2020 $500500
6.95% notes due 2021: ($700 principal)
Swapped to variable interest rates of 5.2%-2016,3.1%-2015744786
8.95% debentures due 2021200200
8-1/2% debentures due 2022200200
6.55% debentures due 2028200200
8.10% debentures due 2030250250
7.125% notes due 2031300300
Other notes 2922
Total $2,423 $2,728
A recent price quote on Deere's 6.55% debentures indicates that Deere's bonds have a market price of 108.104(108.104% of face value), resulting in a yield to maturity of 5.89%.
How much cash would Deere have to pay to repurchase the 6.55% debentures at the quoted market price of 108.104?(Assume no interest is owed when Deere repurchases the debentures.)
Select one:
A. $211.780 million
B. $213.100 million
C. $216.208 million
D. $200.000 million

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