A Call Provision Grants a Bond Issuer the Right To

A call provision grants a bond issuer the right to:

A) Change the coupon rate should market interest rates decline.
B) Call the bondholders to ask if they wish to exchange their maturing bonds for newly issued bonds.
C) Withhold interest payments provided that they notify the bond holders at least 3 months in advance.
D) Pay off the bonds prior to maturity.
E) Issue new debt which is superior to the existing debt.