5. How does the valuation (pricing) of stocks differ from that of bonds? A. The cash flows of stocks and bonds are relatively certain. B. Stocks theoretically have an infinite life; bonds generally have a known and finite life. C. The cash flows of stocks must be discounted; the cash flows of bonds need not be discounted. 5. How does the valuation (pricing) of stocks differ from that of bonds? A. The cash flows of stocks and bonds are relatively certain. B. Stocks theoretically have an infinite life; bonds generally have a known and finite life. C. The cash flows of stocks must be discounted; the cash flows of bonds need not be discounted