Question: Filer Manufacturing has 9 , 4 0 4 , 8 6 9 shares of common stock outstanding. The current share price is $ 4 2

Filer Manufacturing has 9,404,869 shares of common stock outstanding. The current share price is $42.47, and the book value per share is $4.65. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $49,730,426, has a 0.08 coupon, matures in 27 years and sells for 97 percent of par. The second issue has a face value of $68,173,795, has a 0.05 coupon, matures in 18 years, and sells for 97 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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