In the Equity/Mutual Fund panel, you can manually add and change an equity security. Equity is ownership interest in a corporation in the form of common stock or preferred stock. You can add the following types of equity securities using the Equity/Mutual Fund panel: ■ Common
- Common stock
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- Preferred stock
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- Preferred PIK (payment in kind)
This article assumes you are familiar with the entity elections made for processing equity securities.