Kuh Lin Hills Plc is a company which was financed by the issue of the following shares and debentures: $000 2000 1 000 500 2 000 000 Ordinary shares of $1 each 1 000 000 8% Preference shares of $1 each 500 000 5% Debentures of $1 each During the year ended 31 May 2007, the total distributable profits before payment of debenture interest was $300 000. The $300 000 was paid out in debenture interest and share dividends. Calculate the percentage dividend paid to ordinary shareholders. Ignore taxation.