Which of the Following Statements Is FALSE Regarding a Call

Multiple Choice

Which of the following statements is FALSE regarding a call provision?

A) The issuer can repurchase a fraction of the outstanding bonds in the market or it can make a tender offer for the entire issue.
B) A call provision allows the issuer to repurchase the bonds at a predetermined price.
C) The call price is generally set at or below,and expressed as a percentage of,the bond's face value.
D) A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date) ,for the call price.