All of the following statements regarding the call provision are correct except

A$)$ It typically requires a firm to pay a price above par value when it calls its bonds.

B$)$ The difference between the market value of the bond and the par value is called the call premium.

C$)$ A principal use of the call provision is to lower future interest payments.

D$)$ A principal use of the call provision is to retire bonds as required by a sinking$-$fund provision.