Question
Filer Manufacturing has 7,533,244 shares of common stock outstanding. The current share price is $44.51, and the book value per share is $7.55. Filer Manufacturing
Filer Manufacturing has 7,533,244 shares of common stock outstanding. The current share price is $44.51, and the book value per share is $7.55. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $43,603,197, has a 0.07 coupon, matures in 19 years and sells for 98 percent of par. The second issue has a face value of $74,016,984, has a 0.05 coupon, matures in 18 years, and sells for 95 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)
Filer Manufacturing has 9,752,580 shares of common stock outstanding. The current share price is $59.47, and the book value per share is $4.78. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $54,192,163, has a 0.08 coupon, matures in 7 years and sells for 94 percent of par. The second issue has a face value of $56,898,853, has a 0.05 coupon, matures in 8 years, and sells for 97 percent of par.What is Filer's weight of debton a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)
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