Question: Filer Manufacturing has 4 , 1 3 0 , 9 4 6 shares of common stock outstanding. The current share price is $ 4 3

Filer Manufacturing has 4,130,946 shares of common stock outstanding. The current share price is $43.5, and the book value per share is $7.62. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $79,197,898, has a 0.09 coupon, matures in 24 years and sells for 88 percent of par. The second issue has a face value of $57,292,206, has a 0.08 coupon, matures in 27 years, and sells for 82 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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