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Filer Manufacturing has 6,294,304 shares of common stock outstanding. The current share price is $44.58, and the book value per share is $7.96. Filer
Filer Manufacturing has 6,294,304 shares of common stock outstanding. The current share price is $44.58, and the book value per share is $7.96. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $68,793,629, has a 0.06 coupon, matures in 7 years and sells for 84 percent of par. The second issue has a face value of $42,689,410, has a 0.06 coupon, matures in 12 years, and sells for 83 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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