Question
Filer Manufacturing has 4,968,236 shares of common stock outstanding. The current share price is $26.82, and the book value per share is $3.53. Filer Manufacturing
Filer Manufacturing has 4,968,236 shares of common stock outstanding. The current share price is $26.82, and the book value per share is $3.53. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $72,215,480, has a 0.08 coupon, matures in 17 years and sells for 88 percent of par. The second issue has a face value of $66,794,609, has a 0.05 coupon, matures in 21 years, and sells for 99 percent of par. What is Filer's weight of debt on a market value basis?
PLEASE ENTER ANSWER AS EXCEL TEMPLATE. I ONLY USE EXCEL.
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