contingent bank has the following balance sheet in market value terms in millions of 555044
Contingent Bank has the following balance sheet in market value terms (in millions of dollars).
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contingent bank has the following balance sheet in market value terms in millions of 555044
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Liabilities |
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Cash |
$20 |
Deposits |
$220 |
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Mortgages |
220 |
Equity |
20 |
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Total assets |
$240 |
Total liabilities and equity |
$240 |
In addition, the bank has contingent assets with $100 million market value and contingent liabilities with $80 million market value. What is the true stock holder net worth? What does the term contingentmean?
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