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Filer Manufacturing has 4,924,154 shares of common stock outstanding. The current share price is $37.7, and the book value per share is $7.01. Filer Manufacturing
Filer Manufacturing has 4,924,154 shares of common stock outstanding. The current share price is $37.7, and the book value per share is $7.01. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $57,221,988, has a 0.08 coupon, matures in 9 years and sells for 94 percent of par. The second issue has a face value of $72,881,261, has a 0.07 coupon, matures in 11 years, and sells for 82 percent of par. What is Filer's weight of equity on a market value basis? Enter the answer with 4 decimals.
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