The ________ feature permits the issuer to repurchase bonds at a stated price prior to maturity.

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The call feature allows the issuer to repurchase the bonds at a predetermined price before they reach maturity, giving the issuer the flexibility to conduct refinancing or take advantage of changes in interest rates. The conversion feature allows bondholders to convert their bonds into a predetermined number of shares of the issuer's common stock. The put feature permits bondholders to sell the bonds back to the issuer at a predetermined price before maturity. Capitalization is a term used to describe a company's financial structure or the total amount of capital raised by a company through its various financing sources.

The ________ Feature Permits the Issuer to Repurchase Bonds at a Stated