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 [C] has a longer life span than a perpetuity. 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. A bond with both a face value and a market value of $1,000 is called a ________ [A] par value [B] premium [C] discount