Filer Manufacturing has 4 million shares of common stock outstanding. The current share price is $76, and the book value per share is $5. Filer...

Filer Manufacturing has 4 million shares of common stock outstanding. The current share price is $76, and the book value per share is $5. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $90 million, has a 5 percent coupon, and sells for 94 percent of par. The second issue has a face value of $70 million, has a 6 percent coupon, and sells for 104 percent of par. The first issue matures in 20 years, the second in 3 years.