When is call option used by issuer and what does the call price mean in relation to bond price
Call Price is the strike price at whcih the bond will be called by the issuer. The value (bond price) of a callable bond cannot exceed the call price.
Didn’t you ask the same question here:
http://www.analystforum.com/forums/cfa-forums/cfa-level-i-forum/91320287
?