Question about Baskerville Old Face

That's perfectly fine.  It's your art and you can do whatever you want with it.

Under the Type menu chose Convert to Shape

Your text will now have a path around it

Choose the Direct Selection tool (the white arrow) and drag a box around the 'dot you want to delete.

You'll see that the points around the dot are solid, meaning they are selected.  The points around the rest of the 'i' are outline and NOT selected.  

Hit the Delete key and the dot will be gone

Select the Polygone Shape tool

In the Options Bar click on the little cog icon

Choose the number of sides (mine is set to 5)

Make sure Symetrical is checked

Give it a Star Ratio  Lower values make pointed stars.  Higher values make fat stars.

Drag out your star.  The example below used a star ratio of 40%

You can experiment with the other settings.

Note:  I recommend that you do not have the shape layer containing text selected when making the Star.  If you do the star will be added to the same layer making it more difficult to edit.  With the star on its own layer you can use Free Transform to change its size, and the move to to adjust its position.

To keep things tidy, when you have the text and star dot as you want them, Select both layers, right click and Make Smart Object.  You can edit it any time by double clicking the smart object.

Good luck.