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d . Assume that Deere decided to repurchase the 7 . 1 2 5 % notes at the quoted market price of 1 3 1

.

Assume that Deere decided to repurchase the

7.125 %

notes at the quoted market price of

131.03 % . (

Assume no interest is owed when Deere repurchases the notes.

)

How would the repurchase affect Deere

s current income?

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