1.Contingent Bank has the following balance sheet in market value terms (in millions of dollars):

In addition, the bank has contingent assets with $100 million market value and contingent liabilities with $80 million market value. What is the true stockholder net worth? What does the term ‘contingent’ mean? LO 16.2

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Assets Cash $ 20 Mortgages 220 Liabilities and equity Deposits Equity 220 20 Total assets 240 Total liabilities and equity 240