I’ve been answering the “determine” questions with very short answers. So if the question says “determine the two appropriate corner portfolios to use”, I say “Portfolios 3 and 4”.
But sometimes the answers on the mock answer guidelines say things like “Portfolios 3 and 4 are the most appropriate because these sit on either side of the required return.”
Do I have to write that full answer? I don’t think so, because other questions say “Determine and justify”. This one doesn’t have justify, so why should I?
Any thoughts?
But sometimes the answers on the mock answer guidelines say things like “Portfolios 3 and 4 are the most appropriate because these sit on either side of the required return.”
Do I have to write that full answer? I don’t think so, because other questions say “Determine and justify”. This one doesn’t have justify, so why should I?
Any thoughts?