Filer Manufacturing has 7,879,848 shares of common stock outstanding. The current share price is $64.97, and the book value per share is $3.83. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $70,817,127, has a 0.06 coupon, matures in 14 years and sells for 85 percent of par. The second issue has a face value of $70,593,861, has a 0.05 coupon, matures in 20 years, and sells for 97 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)
