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Under the same assumptions as those covered in class,solve for the optimal consumption and optimal trading strategy for the case u(c) = 4c/y and

 

Under the same assumptions as those covered in class,solve for the optimal consumption and optimal trading strategy for the case u(c) = 4c/y and u(x) = 2x/7. Hint: consider the form V(t, x) = f(t)x/y

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