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Filer Manufacturing has 9,031,338 shares of common stock outstanding. The current share price is $37.51,...

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Accounting

Filer Manufacturing has 9,031,338 shares of common stock outstanding. The current share price is $37.51, and the book value per share is $4.73. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $56,380,004, has a 0.09 coupon, matures in 27 years and sells for 99 percent of par. The second issue has a face value of $42,497,965, has a 0.05 coupon, matures in 7 years, and sells for 95 percent of par. What is Filer's weight of debt on a market value basis? Enter the answer with 4 decimals (e.g.0.2345)

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