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Filer Manufacturing has 9,946,727 shares of common stock outstanding. The current share price is $68.22, and the book value per share is $7.09. Filer Manufacturing
Filer Manufacturing has 9,946,727 shares of common stock outstanding. The current share price is $68.22, and the book value per share is $7.09. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $62,377,393, has a 0.07 coupon, matures in 16 years and sells for 83 percent of par. The second issue has a face value of $44,719,442, has a 0.08 coupon, matures in 28 years, and sells for 97 percent of par. What is Filer's weight of debt on a market value basis?
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