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Filer Manufacturing has 9 , 2 4 3 , 6 1 4 shares of common stock outstanding. The current share price is $ 2 1

Filer Manufacturing has 9,243,614 shares of common stock outstanding. The current share price is $21.19, and the book value per share is $4.88. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $43,274,690, has a 0.07 coupon, matures in 17 years and sells for 85 percent of par. The second issue has a face value of $62,420,796, has a 0.08 coupon, matures in 12 years, and sells for 96 percent of par. What is Filer's weight of debt on a market value basis?

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