Pick the correct statement from below.

Multiple Choice

A deferred call provision requires the bond issuer to pay the current market price, minus any accrued interest, should the bond be called.

$$ A deferred call provision allows the bond issuer to delay repaying a bond until after the maturity date should the issuer so opt

$$ A deferred call provision prohibits the issuer from ever redeeming bonds prior to maturity.

$$ A deferred call provision prohibits the bond issuer from redeeming callable bonds prior to a specified date.

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