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What is the yield on an old masters painting of Elvis Presley (acrylic on velvet) that sells for $1,430,000 today and is expected to be

What is the yield on an "old masters" painting of Elvis Presley (acrylic on velvet) that sells for

$1,430,000

today and is expected to be sold at a Sotheby's auction in

years for

$1,990,000?

The yield (return) is:(Select the best choice below.)

18%

20.7%

17.6%

16%

21.1%

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