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authors consider the model of a financial market in which the stochastic short-term interest rate process \\(r_{t}\\) follows the CIR dynamics NEWLINE\\[NEWLINEdr_{t}=(a-br_{t}) dt-\\sigma_{r}\\sqrt{r_{t}} dz_{r}(t), \\quad t\\geq 0,NEWLINE\\]NEWLINE where the coefficients \\(\\sigma_{r}, a, b\\) and \\(r_0\\) are strictly positive constants. The complete financial market contains three assets. The first is the riskless asset: its price, denoted by \\(S_0(t), t\\geq 0\\) evolves according to equation \\(dS_0(t)=S_0(t)r_{t} dt, S_0(0)=1\\). The second asset is a zero-coupon bond with maturity \\(T\\) and price \\(B(t,T)\\), and the third asset is a stock with price \\(S(t)\\) evolves according to NEWLINE\\[NEWLINEdS(t)/S(t)=r_{t} dt +\\sigma_1(dz(t)+\\lambda_1 dt)+ \\sigma_2\\sqrt{r_{t}} (dz_{r}(t)+\\lambda_{r}\\sqrt{r_{t}} dt),NEWLINE\\]NEWLINE \\(S(0)=1\\), where parameters \\(\\sigma_1>0\\), \\(\\sigma_2>0\\), \\(\\lambda_1\\), \\(\\lambda_2\\) are assumed to be constant. Here the Brownian motions \\(z_{r}(t)\\) and \\(z(t)\\) are independent. NEWLINENEWLINENEWLINEThe authors solve explicitly the optimization problem \\(\\max_{\\pi_{t}\\in A}EU(Y(T))\\), where \\(U(y)=y^{\\gamma}/\\gamma\\), \\(\\gamma\\in (-\\infty,1)\\setminus\\{0\\}\\); the wealth process \\((Y(t))_{t\\in[0,T]}\\) is defined by following dynamics \\(dY(t)=Y(t)\\pi_{t} \\text{diag}[{\\mathbb S}(t)]^{-1} d{\\mathbb S}(t)\\), \\(Y(0)=Y_0>0\\), with \\(\\pi_{t}=[(1-\\pi_{t}^{B}-\\pi_{t}^{S}),\\pi_{t}^{B},\\pi_{t}^{S}]\\), \\({\\mathbb S}(t)=[S_0(t),B(t,T),S(t)]\\); \\(A\\) is the set of admissible controls. 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