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Filer Manufacturing has 11 million shares of common stock outstanding. The current share price is $49, and the book value per share is $5. Filer
Filer Manufacturing has 11 million shares of common stock outstanding. The current share price is $49, and the book value per share is $5. Filer Manufacturing also has two bond issues outstanding. The firstbond issue has a face value of $97 million and an 8 percent coupon and sells for 91 percent of par. The second issue has a face value of $68.2 million and an 7.99 percent coupon and sells for 94.2 percent of par. The first issue matures in 11 years, the second in 5 years. A) What are Filer
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