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Competitors may easily imitate acquiring tangible resources.
Expected Rate of Return
The anticipated return on an investment, based on historical data, analysts' estimates, or a model's inputs.
Risky Securities
Financial instruments that carry a higher risk of loss, often associated with higher potential returns.
T-Bill
Short for Treasury Bill, this is a short-term government security issued at a discount from par value and pays no interest.
Risk Tolerance
The degree of variability in investment returns that an investor is willing to withstand, related to one's financial situation, investment objectives, and psychological comfort.
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