Current Attempt in Progress On January 2, 2020, Perseus Corp. issued 10-year convertible bonds at 105. During 2021, all the bonds were converted into common shares having a total value equal to the total face amount of the bonds. At conversion, the market price of Perseus's common shares was 50% above its average carrying value. Perseus adheres to IFRS. On conversion, Perseus would credit the Common Shares account with the par value of the bonds plus the balance in the Contributed Surplus account. the carrying value of the bonds plus the balance in the Contributed Surplus account. O the carrying value of the bonds minus the balance in the Contributed Surplus account. O the market value of the bonds plus the balance in the Contributed Surplus account.