Book Value VS Market Value (Easy)
Filer Manufacturing has 11 million shares of common stock
outstanding. The current share price is $68, and the book value per
share is $6. Filer Manufacturing also has two bond issues outstanding.
The first bond issue has a face value of $70 million, has a 7 percent
coupon, and sells for 93% of par. The second issue has a face value of
$55 million, ha