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Filer Manufacturing has 6,451,883 shares of common stock outstanding. The current share price is $34.89,...

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Finance

Filer Manufacturing has 6,451,883 shares of common stock outstanding. The current share price is $34.89, and the book value per share is $3.88. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $71,909,979, has a 0.06 coupon, matures in 23 years and sells for 82 percent of par. The second issue has a face value of $41,153,971, has a 0.05 coupon, matures in 19 years, and sells for 88 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)

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