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show work Filer Manufacturing has 9,476,072 shares of common stock outstanding. The current share price is $52.59, and the book value per share is $8.02.
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Filer Manufacturing has 9,476,072 shares of common stock outstanding. The current share price is $52.59, and the book value per share is $8.02. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $ 66,993,802, has a 0.07 coupon, matures in 29 years and sells for 89 percent of par. The second issue has a face value of $40,159,686, has a 0.05 coupon, matures in 7 years, and sells for 90 percent of par. What is Filer's weight of debt on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345) Step by Step Solution
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