A callable bond is a bond that can be bought back by the bond issuer before maturity

Question:

A callable bond is a bond that can be bought back by the bond issuer before for some pre-specified price (normally a small amount above face value) at the discretion of the bond issuer. How would you go about finding the value of such a bond? Would the bond be worth more or less than an equivalent non-callable bond?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...