The current dividend yield is 3% assuming CURRENT Dividend is 9 price will be N300. D1 is 9*1.06=9.54 dividend yield in a years time will be 9.54/300= 3.18 The trick about answering most of these questions is watching the terms they use. And the key term here is CURRENT which is D0/P while what we are supposed to use is D1/P. And from my example it doesn’t seem dividend yield will remain current unless price is supposed to change, does it? My answer 6+3.18=9.18
I like rlange’s way.