Question: 19.8 Exercises Exercise 19.1 Solve the problem of maximizing logarithmic utility E T e -St In(ct) dt + K ln(XT) In(X2)], given the usual

19.8 Exercises Exercise 19.1 Solve the problem of maximizing logarithmic utility E T e -St In(ct) dt + K ln(XT) In(X2)], given the usual wealth dynamics dxt = Xt untua dt cdt +'o XdWt, and the usual control constraints Ct0, Vt > 0, u + u = 1, Vt 0.

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