Question: Filer Manufacturing has 5 , 6 7 7 , 1 8 5 shares of common stock outstanding. The current share price is $ 6 0

Filer Manufacturing has 5,677,185 shares of common stock outstanding. The current share price is $60.84, and the book value per share is $5.3. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $79,668,698, has a 0.06 coupon, matures in 17 years and sells for 89 percent of par. The second issue has a face value of $64,472,845, has a 0.06 coupon, matures in 12 years, and sells for 83 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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