Question: Filer Manufacturing has 6 , 3 4 4 , 0 7 9 shares of common stock outstanding. The current share price is $ 3 1

Filer Manufacturing has 6,344,079 shares of common stock outstanding. The current share price is $31.5, and the book value per share is $5.22. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $69,491,237, has a 0.05 coupon, matures in 8 years and sells for 80 percent of par. The second issue has a face value of $73,337,776, has a 0.06 coupon, matures in 28 years, and sells for 98 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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