KJB Inc issued Class D Series 2 shares, carrying a dividend entitlement equal to $5 per share or an amount equal to common share dividends, whichever is higher, redeemable at the investors option at $62 per share. The company may, at its option, redeem the shares with class A common shares instead of cash, valued at their current market value. Required: Is this a financial liability, an equity instrument or a compound instrument ( part debt/part equity)? (3marks) NO EXPLANATION REQUIRED