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In general, first-mover advantages can arise from any of these sources except
Annual Return
The percentage change in an investment's value over a year, considering both capital gains and dividends.
Indefinitely
An unspecified period of time that may continue forever, without a predetermined endpoint.
Dividend
A portion of a company's earnings distributed to its shareholders, usually periodically.
Preferred Stock
A type of stock that provides dividends before common stock and has priority over common stock in the event of liquidation.
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