Filer Manufacturing has 5 million shares of common stock outstanding. The current share price is $71, and the book value per share is $6. The company also has two bond issues outstanding. The first bond issue has a face value $65 million, a coupon of6 percent, and sells for 96 percent of par. The second issue has a face value of $45 million, a coupon of7 percent, and sells for 105 percent of par. The first issue matures in 21 years, the second in 5 years.