How is the basic formula for yield expressed?

The basic formula for yield is expressed by the relationship between income and the value of an investment. Yield represents the return on investment that generates income relative to the current market value of that investment.

The correct formulation, which aligns with established financial principles, states that yield is calculated as net operating income divided by the current value of the investment. This relationship allows investors to understand how much income they are generating compared to what the asset is currently worth. It is a crucial metric for assessing the performance of real estate or any investment, helping to gauge whether the asset is producing satisfactory returns given its market valuation.

In contrast, the other options misrepresent this fundamental relationship. The reverse of the correct formula, income divided by yield, and incorrect multiplication formulations do not accurately convey how yield should be assessed or calculated in investment contexts. Thus, the expression that correctly defines yield in asset management is the one where net operating income is divided by the current value of the investment.