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?

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