15 1 pts Royal Corporation Ltd has 10 million cumulative preference shares outstanding, which pay a $5.5 annual dividend half-yearly. However, because of poor profitability, the company has not paid this dividend for the past four periods. The company also has 20 million ordinary shares outstanding. Royal's profitability has improved recently, and the board of directors believes that the company can pay $100 million in dividends next period. How much Royal can pay to its Ordinary shares holders per share? Nothing $0.5 per share $5 per share $2.25 per share Question 16 1 pts Find the price of a corporate bond maturing in 5 years that has 5.5 per cent coupons (annual payments), a $1,000 face value, and an 'AA' rating. A local newspaper's financial section reports that the yields on 5-year bonds are: 'AAA, 5.5 per cent; 'AA; 6.5 per cent; and 'A', 7.5 per cent. $973.3 $919.1 $1000.00 $958.4