a$.$ What is a dividend? Discuss the Four types of cash dividends paid to shareholders.

b$.$ Sunrise Corporation has an outstanding issue of convertible bonds with a Ghc$1,000$ par value. The bonds are convertible into $40$ shares of common stock. The bonds have an $11$ per cent annual coupon interest rate and a $20-$year maturity. The interest rate on a straight bond of similar risk is $12$ per cent. The current market price of the common stock is Ghc$20$ per share. Calculate the convertible bonds for Sunrise Corporation.