Filer Manufacturing has 4,276,257 shares of common stock outstanding. The current share price is $67.44,...
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Filer Manufacturing has 4,276,257 shares of common stock outstanding. The current share price is $67.44, and the book value per share is $9.04. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $44,176,753, has a 0.07 coupon, matures in 28 years and sells for 84 percent of par. The second issue has a face value of $73,625,530, has a 0.09 coupon, matures in 12 years, and sells for 89 percent of par.
What is Filer's weight of equity on a market value basis? enter the answer with 4 decimals (e.g. 0.2345)
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