Filer Manufacturing has 4,276,257 shares of common stock outstanding. The current share price is $67.44, and the book value per share is $9.04. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $44,176,753, has a 0.07 coupon, matures in 28 years and sells for 84 percent of par. The second issue has a face value of $73,625,530, has a 0.09 coupon, matures in 12 years, and sells for 89 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)
Filer Manufacturing has 4,276,257 shares of common stock outstanding. The current share price is $67.44, and the book value per share is $9.04. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $44,176,753, has a 0.07 coupon, matures in 28 years and sells for 84 percent of par. The second issue has a face value of $73,625,530, has a 0.09 coupon, matures in 12 years, and sells for 89 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)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A 16.
Subject:- finance
Transcribed Image Text:Filer Manufacturing has 4,276,257 shares of common stock outstanding. The current share price is $67.44, and the book value per share
is $9.04. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $44,176,753, has a 0.07
coupon, matures in 28 years and sells for 84 percent of par. The second issue has a face value of $73,625,530, has a 0.09 coupon,
matures in 12 years, and sells for 89 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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