Question: Filer Manufacturing has 4 , 4 9 4 , 3 1 5 shares of common stock outstanding. The current share price is $ 6 1

Filer Manufacturing has 4,494,315 shares of common stock outstanding. The current share price is $61.81, and the book value per share is $3.39. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $58,560,073, has a 0.06 coupon, matures in 6 years and sells for 92 percent of par. The second issue has a face value of $78,029,143, has a 0.08 coupon, matures in 19 years, and sells for 89 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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