Schweser Practice Exam 2 - Morning - Question 1

Part A asks the following -

Determine and justify an appropriate return objective for the Jackson Portfolio. Calculate the required pre-tax nominal return for the coming year.

The wording on some of these questions just seem more confusing than it should be. I understand the “justify” instruction but I don’t understand how to bifurcate the “determine” and “calculate” portions. The answer in the book approaches it how I would have inititally but I’m still not sure what portion of the answer was the determination.

Calculate means you’re doing math

Determine and calculate means “figure it out” and “show your proof”, respectively.