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Filer Manufacturing has 8,421,847 shares of common stock outstanding. The current share price is $63.48, and the book value per share is $4.37. Filer Manufacturing
Filer Manufacturing has 8,421,847 shares of common stock outstanding. The current share price is $63.48, and the book value per share is $4.37. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $65,184,421, has a 0.08 coupon, matures in 10 years and sells for 82 percent of par. The second issue has a face value of $53,367,533, has a 0.08 coupon, matures in 29 years, and sells for 87 percent of par. What is Filer's weight of lebt on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)
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