Answer the following.

a.

b.

What is the yield on an "old masters" painting of Elvis Presley acrylic on velvet) that sells for $1,500,000 today and is expected to be sold at a Sotheby's auction in 3 years for $2,000,000? The yield (return) is: Select the best choice below) O A. 10.1% O B. 81% O C. 8.8% O D. 9.2% O E. 9.8%