Evaluate the common shares of Payment Software Inc. as an investment. Specifically, use the three share ratios to determine whether the shares have increased or decreased in attractiveness during the past year.

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2014 2013 $27,000 Net income Dividends (25% to preferred shareholders) Common shareholders' equity at year end (75,000 shares) Preferred shareholders' equity at year end Market price per common share at year end $ 33,000 275,000 $ 4.83 13,000 250,000 50,000 $3.89