Question
Filer Manufacturing has 6,053,383 shares of common stock outstanding. The current share price is $59.37, and the book value per share is $3.73. Filer Manufacturing
Filer Manufacturing has 6,053,383 shares of common stock outstanding. The current share price is $59.37, and the book value per share is $3.73. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $74,897,770, has a 0.07 coupon, matures in 20 years and sells for 99 percent of par. The second issue has a face value of $53,726,211, has a 0.06 coupon, matures in 30 years, and sells for 92 percent of par.What is Filer's weight of equity on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)
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