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Fi Manufacturing has 5,975,052 shares of common stock outstanding. The current share price is $27.91, and the book value per share is $6.82. Fi Manufacturing
Fi Manufacturing has 5,975,052 shares of common stock outstanding. The current share price is $27.91, and the book value per share is $6.82. Fi Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $63,439,736, has a 0.05 coupon, matures in 12 years, and sells for 92 percent of par. The second issue has a face value of $40,673,029, has a 0.05 coupon, matures in 22 years, and sells for 95 percent of par. What is Fi's weight of equity on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)
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