What is a call provision? Question 12 options: the option for the bondholder to convert each bond owned into a fixed number of shares of common stock an option to the issuer to repurchase the bonds at a predetermined price a formal contract that specifies the firm's obligations to the bondholder the periodic repurchasing of issued bonds through a sinking fund by the issuer a clause in a bond contract that restricts the actions of the issuer that might harm the interests of the bondholders.