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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

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 3years for $2,000,000?

A.

12%

B.

%10.1%

C.

10.2%

D.

12.1%

E.

10.8 %

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