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Filer Manufacturing has 9900000 shares of common stock outstanding. The current share price is $53.17, and the book value per share is $6.68. Filer Manufacturing
Filer Manufacturing has 9900000 shares of common stock outstanding. The current share price is $53.17, and the book value per share is $6.68. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $40000000, has a 0.07 coupon, matures in 23 years and sells for 83 percent of par. The second issue has a face value of $57000000, has a 0.06 coupon, matures in 11 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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