A Call Provision Grants the Bond Issuer The

A call provision grants the bond issuer the:

A) right to contact each bondholder to determine if he or she would like to extend the term of his or her bonds.
B) option to exchange the bonds for equity securities.
C) right to automatically extend the bond's maturity date.
D) right to repurchase the bonds on the open market prior to maturity.
E) option of repurchasing the bonds prior to maturity at a prespecified price.