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Suppose a company has only two Asset accounts: Cash and Inventory. During the month, the company purchased three units of inventory at a cost of $1,000 each and paid in cash. It subsequently sold one unit for $1,400 and received cash from the customer. What is the net change of Cash (assuming no other transactions)?
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Consider the returns of the MSCI index of emerging markets equity in column D of the Excel file that goes with this quiz. Given the returns over the 1988-2013 period, what has been the geometric mean annual return of these markets?
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