Filer Manufacturing has 8.5 million shares of common stock outstanding. The current share price is $55, and the book value per share is $4. Filer...

Filer Manufacturing has 8.5 million shares of common stock outstanding. The current share price is $55, and the book value per share is $4. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $74 million, a 6 percent coupon, and sells for 90 percent of par. The second issue has a face value of $48.45 million, a 5.3 percent coupon, and sells for 92.6 percent of par. The first issue matures in 11 years, the second in 5 years.