Use the following information to do a horizontal analysis of Boyce Corporation's income statement for the current year and prior year:
Definitions:
Preferred Stock
A class of stock that typically has a priority claim on dividends and assets in the event of liquidation over common stock.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment’s cost.
Cost of Debt
The effective rate that a company pays on its current debt, including loans and bonds, which can be measured before or after taxes.
Annual Coupon
The annual interest payment made to bondholders, expressed as a percentage of the bond's face value.
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