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.