Determining Bond Prices, Interest Rates, and Financial Statement Effects Deere & Company's 2018 10-K reports the following footnote relating to long-term debt for its equipment operations subsidiary. Deere's borrowings include $300 million, 7.125% notes, due in 2031 (highlighted below). Long-term borrowings at October 28 consisted of the following in millions of dollars: Notes and Debentures 4.375% notes due 2019 2018 2017 $750 8-1/2% debentures due 2022 $105 105 2.60% notes due 2022 1,000 1,000 6.55% debentures due 2028 200 200 5.375% notes due 2029 500 500 8.10% debentures due 2030 250 250 7.125% notes due 2031 300 300 3.90% notes due 2042 1,250 1,250 Other notes Total 1,190 1,136 $4,714 $5,491 A recent price quote (from Markets Insider) on Deere's 7.125% notes follows. Coupon Type Issuer Price Corp Deere & CO 131.03 Fitch (%) Maturity Yield (%) Rating Callable 7.125 2031 2.82% A2 No This price quote indicates that Deere's 7.125% notes have a market price of 131.03 (131.03% of face value), resulting in a yield of 2.82%.