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Filer Manufacturing has 4700000 shares of common stock outstanding. The current share price is $74.48, and the book value per share is $4. Filer...
Filer Manufacturing has 4700000 shares of common stock outstanding. The current share price is $74.48, and the book value per share is $4.46. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $60000000, has a 0.07 coupon, matures in 28 years and sells for 93 percent of par. The second issue has a face value of $77000000, has a 0.07 coupon, matures in 8 years, and sells for 99 percent of par. What is Filer's weight of debt