(Answered) Filer manufacturing has 8500000 shares of common stock

Finance

Filer Manufacturing has 8500000 shares of common stock outstanding. The current share price is $59.46, and the book value per share is $9.66. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $64000000, has a 0.06 coupon, matures in 22 years and sells for 99 percent of par. The second issue has a face value of $60000000, has a 0.06 coupon, matures in 16 years, and sells for 87 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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