Contingent Bank has the following balance sheet in market value terms (in millions of dollars).
| Assets Don't use plagiarized sources. Get Your Custom Essay on contingent bank has the following balance sheet in market value terms in millions of 555044 For $10/Page 0nly | Liabilities | ||
| Cash | $20 | Deposits | $220 |
| Mortgages | 220 | Equity | 20 |
| 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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