8 Call Provisions Assume you work for Sacyr Vallehermoso SA, a Spanish company that offers construction services. The management has decided to have a long-term bond issue to fund investment in China. It is debating whether to include a call provision. What are the benefits to Sacyr Vallehermoso from including a call provision? What are the costs? How do these answers change for a put provision? What are the other types of options that can be embedded into bond contracts?