Which of the Following Statements Best Describes Callable Bonds

Multiple Choice

Which of the following statements best describes callable bonds?

A) They can be turned in for early retirement at the option of the bondholder.
B) They can be converted to common stock at the option of the bondholder.
C) They can be called for early retirement at the option of the issuer.
D) They can be called for early retirement at the option of the lien holder.