What is the yield on an "old masters" painting of Elvis Presley (acrylic on velvet) that sells for $1,540,000 today and is expected to be sold Sotheby's auction in years for $2,090,000?
The yield (return) is: (Select the best choice below.)
a. 7.6%
b. 7.9%
c. 7.4%
d. 8.4%
e. 8.3%