[startupcfo]

Which of the following qualifies as a hybrid instrument that would require bifurcation under ASC Topic 815, Derivatives and Hedging?

I. A bond payable with an interest rate based on the S & P 500 Index.
II. An equity instrument with a call option, allowing the issuing company to buy back the stock.

I can’t figure out what a hybrid instrument is and how it relates to the need for bifurcation.

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