A call provision, which allows the corporation to force an early maturity on a bond issue, usually contains all but which of the following characteristics?

A$.$ Most bonds must be outstanding at least five years before being called.

B$.$ After the call date, the call premium tends to decline over time.

C$.$ The provision typically calls for debt conversion into common stock.

D$.$ The corporation will pay a premium over par for the bonds.

stion $8(0\mathrm{.}166$ points$)$

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chanan Corp. is refunding $$10$ million worth of $10\%$ debt. The new bonds will be

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