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1. Lockheed Martin (LMT) just paid a dividend of $8.00. Analysts covering the stock expect dividends to grow by 15% for the next 3 years.
1. Lockheed Martin (LMT) just paid a dividend of $8.00. Analysts covering the stock expect dividends to grow by 15% for the next 3 years. After that, they expect dividends to return to a more normal rate of growth of 3%. If Investors in LMT require a 6.5% return on their investment what is the current value of the stock? (2 points)
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