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6 Question 4 In a surprise announcement, NASA released details of a major contract with Lockheed-Martin (LMT) that would increase LMT's market value by $20

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6 Question 4 In a surprise announcement, NASA released details of a major contract with Lockheed-Martin (LMT) that would increase LMT's market value by $20 billion. It was contract would be awarded to LMT's major competitor Boeing (BA). Assume that Boeing has 800 million shares outstanding and Lockheed Martin has 400 million shares outstanding. Prior to this announcement, the market felt that the probability of Boeing winning the contract was 60% and that Lockheed-Martin's chance was only about 40 %. widely expected by the market that this What do you anticipate will happen to Lockheed-Martin's stock prices announcement? To answer this question, you must calculate how much stock price will increase or decrease. (10 points) are a result of this surprise

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