Refer to the CVS Corporation annual report in the Supplement to Chapter 16 to answer the following

Question:

Refer to the CVS annual report in the Supplement to Chapter 16 to answer the following questions:
1. What type of capital stock does CVS have? What is the par value? How many shares were authorized, issued, and outstanding at the end of fiscal 2011?
2. What is the yield (use average price of stock in last quarter) for CVS and its relationship to the investors' total return? (Round the average price to the nearest cent; round the yield to the nearest tenth of a percent.) Does the company rely mostly on stock or on earnings for its stockholders' equity? (CVS's fourth quarters of 2011 high and low market prices were $41.35 and $32.28, respectively.)
3. Does the company have a stock option plan? To whom do the stock options apply? Do employees have significant stock options? Given the market price of the stock shown in the report, do these options represent significant value to the employees?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...