Here are some analysts estimates for Citigroup (the banking and financial services giant) common stock.

The recent price of this stock was $33

a. Analyst 1 has the following growth estimates. Given the following information what is the analysts value for Citigroup? What should the analyst recommend based on the recent price of $33?

Current Dividend Per Share $0.72

Required Rate of Return 12% or 0.12

Annual Dividend Growth Rate, year 1-3 16% or 0.16

Annual Dividend Growth Rate, year 4 to infinity 9% or 0.09

b. Analyst 2 thinks Citigroup is a constant growth stock. He expects a constant growth rate of 10% of Citigroups current dividend of $0.72 and estimates a required return of 12.5%. What is this analysts value for Citigroup? What should the analyst recommend based on the recent price of $33?

c. Citigroup's recent stock price is $33, and its current dividend is $0.72 a share. Now, let's assume that Citigroup is a constant growth stock with a required return of 12%. What is Citigroup's expected annual constant growth rate assuming the recent $33 stock price is in equilibrium?