A Call Provision Grants the Bond Issuer

A call provision grants the bond issuer:

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