Question: Filer Manufacturing has 6 , 8 3 4 , 3 6 4 shares of common stock outstanding. The current share price is $ 5 4

Filer Manufacturing has 6,834,364 shares of common stock outstanding. The current share price is $54.93, and the book value per share is $4.3. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $41,537,597, has a 0.08 coupon, matures in 9 years and sells for 84 percent of par. The second issue has a face value of $49,853,411, has a 0.05 coupon, matures in 5 years, and sells for 88 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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