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What is the yield on an old masters painting of Elvis Presley (acrylic on velvet) that sells for $1,470,000 today and is expected to be
What is the yield on an "old masters" painting of Elvis Presley (acrylic on velvet) that sells for $1,470,000 today and is expected to be sold at a Sotheby's auction in 3 years for $2,020,000?
The yield (return) is:
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