Question
Filer Manufacturing has 5,405,152 shares of common stock outstanding. The current share price is $68.28, and the book value per share is $5.87. Filer Manufacturing
Filer Manufacturing has 5,405,152 shares of common stock outstanding. The current share price is $68.28, and the book value per share is $5.87. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $44,016,936, has a 0.05 coupon, matures in 25 years and sells for 96 percent of par. The second issue has a face value of $42,811,967, has a 0.09 coupon, matures in 21 years, and sells for 97 percent of par. What is Filer's weight of equity on a market value basis?
PLEASE ENTER ANSWER AS AN EXCEL TEMPLATE. I ONLY USE EXCEL.
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