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Which of the following statements is FALSE regarding a call provision?

▸ A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date), for the call price.

▸ The call price is generally set at or below, and expressed as a percentage of, the bond's face value.

▸ A call provision allows the issuer to repurchase the bonds at a predetermined price.

▸ The issuer can repurchase a fraction of the outstanding bonds in the market or it can make a tender offer for the entire issue.
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Fundamentals of Corporate Finance
Edition: 2nd
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The call price is generally set at or below, and expressed as a percentage of, the bond's face value.
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