Explanation:
Explanation:
Option A is incorrect because a return objective can indeed be specified as a required rate of return, such as the amount needed to achieve a specific financial goal (e.g., retirement income).
Option B is incorrect because return objectives must align with the client's risk tolerance. Higher expected returns typically involve higher levels of risk.
Option C is correct because when setting a relative return objective, the benchmark used should be investable, meaning it can be replicated or tracked in practice. This ensures the objective is realistic and achievable.
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With regard to an investment policy statement, which of the following statements about return objectives is most accurate?
A
A return objective cannot be defined as a required rate of return.
B
Return objectives should be established without consideration of risk objectives.
C
For a relative return objective, the selected benchmark must be investable.