Bridgeport Ltd. issued $4004000,5-year, 10% convertible bonds at par. Bonds pay interest annually. Each $1000 bond is convertible to 210 of Bridgeport's no par value common shares, which are currently'trading at $26 each. The current market rate for similar nonconvertible bonds is 12%. Assuming Bridgeport adheres to IFRS, the value to be recorded for the conversion option is $288671. $105000. $0. $5000