The Coca-Cola Company and PepsiCo, Inc. have been selected for this project. Select the 2020 annual report for both companies and use the outlines given below for your analysis.

1. What is the par or stated value of Coca-Colas and PepsiCos common or capital stock?
2. Both companies have treasury stock, what are some of the reasons that management purchases its own stock?

• Explain how earnings per share might be affected by treasury stock transactions

3. When companies repurchase their own stock, what are the ethical issues involved in these transactions? Explain in detail.