Filer weight of debt on market value basis

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Reference no: EM132061996

Filer Manufacturing has 8700000 shares of common stock outstanding. The current share price is $33.75, and the book value per share is $8.21. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $76000000, has a 0.07 coupon, matures in 7 years and sells for 80 percent of par. The second issue has a face value of $60000000, has a 0.07 coupon, matures in 19 years, and sells for 94 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)

Reference no: EM132061996

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