Determining Bond prices, Interest Rates, and Financial Statement Effects Deere & Company's 2012 10-K reports the following footnote relation to long-term debt for its equipment operation subsidiary. Deere's borrowing include $300 million, 7.125% notes due in 2031 (highlighted below). This price quote indicates that Deere's 4.125% notes have a market price of 131.47 (131.47% of face value), resulting in a yield to maturity of 4.488% Assuming that these notes were originally issued at par value, what does the market price reveal about interest rate changes since Deere issue its notes? (Assume the Deer's credit rating has remained the same.) Does the change in interest rates since the issuance of these notes affect the amount of interest expenses that Deere reports in its income statement? Explain. How much cash would Deere have to pay to repurchase the 7.125% notes at the quoted market price of 131.47? (Assume not interest is owed when Deere repurchases the notes.) How would the repurchase affect Deere's current income? Assuming that the notes remain outstanding until their maturity, at what market price will the notes sell on their due date in 20321