If a bond has a provision for a $""$put option"" this means

Question $35$ options:

The holder has the right, but not obligation to sell the bond back to the issuer at a pre$-$determined price

The holder has the right, but not obligation to buy another bond with similar coupon payments and risk

The issuer has the right, but not the obligation, to buy back the bond at a pre$-$determined price

The issuer must $""$put$""$ the bond in a safe deposit box because it will have become so valuable