Filer Manufacturing has 8,709,977 shares of common stock outstanding. The current share price is $42.17,...
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Filer Manufacturing has 8,709,977 shares of common stock outstanding. The current share price is $42.17, and the book value per share is $8.31. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $53,946,270, has a 0.07 coupon, matures in 8 years and sells for 92 percent of par. The second issue has a face value of $71,487,381, has a 0.09 coupon, matures in 5 years, and sells for 81 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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