 Solution

A finite morphism is a finite type morphism. It is also a separated morphism: on an affine scheme chart $\mathrm{Spec}B\to \mathrm{Spec}A$, its diagonal morphism is represented by the surjective multiplication ring homomorphism $B{\otimes }_{A}B\to B$, and is therefore a closed immersion by Question 1.

We prove the lifting condition in the valuative criterion for properness. Choose an affine open subset of $Y$ containing the image of the closed point of $\mathrm{Spec}V$. Every point of $\mathrm{Spec}V$ is a generalization of its closed point, so the whole map factors through this affine open subset. Its inverse image under the finite morphism is $\mathrm{Spec}B$, with $B$ a finitely generated $A$-module. Every $b\in B$ is integral over $A$: apply the determinant trick to multiplication by $b$ on a finite set of module generators to obtain a monic polynomial which annihilates all generators and hence annihilates $1$.

In the given valuative square, we have compatible ring homomorphisms $A\to V$ and $B\to K$. The image in $K$ of each $b\in B$ satisfies a monic polynomial over $V$. To see directly why it belongs to $V$, suppose $x\in K\setminus V$. The defining property of a valuation ring gives $x^{-1}\in V$, and it lies in the maximal ideal since it cannot be a unit. A monic equation for $x$, multiplied by $x^{-n}$, would then express $1$ as a sum of elements in that maximal ideal, a contradiction. This proves that valuation rings are integrally closed and that $B\to K$ factors through $B\to V$. The factorization is unique because $V\hookrightarrow K$ is injective. Thus the lift exists uniquely, proving