Billy owns 900 shares of Sha ltd common stock and its current market price per share is $100 per share. Sha ltd declares to pay $10 dividend per share to its shareholders.

Yet, Billy prefers $12 dividend per share paid by Sha ltd. To get his desired cash flow, should Billy create homemade dividend or un-dividend by herself? Explain how he can do it on ex-dividend date. indicate how many shares that Billy should buy or sell,