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Suppose you own 1 0 0 shares of a company, where the current share price is $ 5 5 . The company has just declared

Suppose you own 100 shares of a company, where the current share price is $55. The company has just declared a dividend payment of $5 a share; that is, you expect a dividend payment of $500. You prefer however getting $700 in cash, i.e., a dividend of $7 a share. How can you generate the additional $200? Specifically, what would be your homemade dividend strategy? (Assume no taxes and transaction costs).

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