Unibank also needs to review its off-balance-sheet risk. Using the following balance sheet value of UniBank in market value terms (in millions of dollars)

Assets	$	Liabilities and equity	$
Cash	3	Deposits	35
Liquid assets	30	Interbank loan	5
Loans	55	Equity	48
Total assets	88	Total liabilities and equity	88
In addition, the bank has contingent assets with $50 million market value and contingent liabilities with $80 million market value.

a. Calculate the true stockholder net worth (1 mark)

b. Explain what the term contingent means (1 mark)

c. Why are contingent assets and liabilities like options? (1 mark)

d. What is meant by the term 'notional value' of a contingent liability? (1 mark)

e. Why do over-the-counter contracts carry more contingent credit risk than exchange-traded contracts? (1 mark)