Preferred shares, 30,000 shares authorized,

7,500 shares issued $ 393,750

Common shares, 200,000 shares authorized,

135,000 shares issued 607,500

Total share capital $1,001,250

Retained earnings 218,500

Total shareholders' equity $1,219,750

The board of directors declared a 10% common stock dividend when the market price of the shares was $7 per share. Based on the numbers given above, the companys CFO is asking you to assuming all required preferred shares dividends have been paid, you need to calculate the book value of a share of common shares before and after the common shares dividend. If shareholders owned 100 shares of Antalyas common shares before the stock dividend, what is the total book value of Antalya's shares before and after the stock dividend?

The companys board is also interested in issuing regular dividends to the shareholders in the future. The board asks the CFO to elaborate all the steps of the process including the requirements towards the preferred shareholders. What would you advise to the board?