Question: Filer Manufacturing has 7 , 9 1 1 , 2 9 7 shares of common stock outstanding. The current share price is $ 2 1

Filer Manufacturing has 7,911,297 shares of common stock outstanding. The current share price is $21.46, and the book value per share is $6.08. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $49,978,463, has a 0.09 coupon, matures in 22 years and sells for 96 percent of par. The second issue has a face value of $62,058,015, has a 0.05 coupon, matures in 24 years, and sells for 99 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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