Filer manufacturing has 7900000 shares of common stock


Filer Manufacturing has 7900000 shares of common stock outstanding. The current share price is $34.71, and the book value per share is $4.57. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $47000000, has a 0.05 coupon, matures in 20 years and sells for 81 percent of par. The second issue has a face value of $78000000, has a 0.08 coupon, matures in 23 years, and sells for 94 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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Financial Management: Filer manufacturing has 7900000 shares of common stock
Reference No:- TGS02850083

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