Filer Manufacturing has 7,034,720 shares of common stock outstanding. The current share price is $65.32, and...

Filer Manufacturing has 7,034,720 shares of common stock outstanding. The current share price is $65.32, and the book value per share is $3.05. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $79,113,079, has a 0.07 coupon, matures in 12 years and sells for 81 percent of par. The second issue has a face value of $62,515,482, has a 0.08 coupon, matures in 9 years, and sells for 84 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)

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Please upvote if the ans is helpful. In case of doubt,Do comment.Thanks.

jeff jeffy answered 1 year ago

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