1. An annuity:
[A] is a stream of payments that fluctuate with current market interest rates.
[B] is a stream of equal payments that occur in equal periods of time for a finite period.
[C] has a longer life span than a perpetuity.
2. The yield to maturity on a bond is the rate:
[A] computed as annual interest divided by the bond's market price.
[B] of return currently required by the market.
[C] of annual interest paid on the bond.