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Question 7 1 pts Filer Manufacturing has 4,380,108 shares of common stock outstanding. The current share price is $28.45, and the book value per share
Question 7 1 pts Filer Manufacturing has 4,380,108 shares of common stock outstanding. The current share price is $28.45, and the book value per share is $3.77. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $57,980,618, has a 0.08 coupon, matures in 9 years and sells for 99 percent of par. The second issue has a face value of $76,178,657, has a 0.05 coupon, matures in 21 years, and sells for 96 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) a
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