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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 $1,950,000? The yield (return) is

A. 9.9%

B. 10.1%

C. 8.9%

D. 8.1%

E. 9.8 %

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