Question: Filer Manufacturing has 6 , 0 7 2 , 4 7 5 shares of common stock outstanding. The current share price is $ 7 4

Filer Manufacturing has 6,072,475 shares of common stock outstanding. The current share price is $74.25, and the book value per share is $3.26. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $48,972,986, has a 0.06 coupon, matures in 27 years and sells for 98 percent of par. The second issue has a face value of $55,930,286, has a 0.05 coupon, matures in 17 years, and sells for 89 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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