On boundedness of solutions of the difference equation \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$x_{n+1}=p+\frac{x_{n-1}}{x_{n}}$\end{document} for p<1

In this paper, we study the difference equation \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$x_{n+1}=p+\frac{x_{n-1}}{x_n}, \quad n=0,1,\ldots, $$\end{document} where initial values x−1,x0∈(0,+∞) and 0<p<1, and obtain the set of all initial values (x−1,x0)∈(0,+∞)×(0,+∞) such that the positive solutions \documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$\{x_{n}\}_{n=-1}^{\infty}$\end{document} are bounded. This answers the Open problem 4.8.11 proposed by Kulenovic and Ladas (Dynamics of Second Order Rational Difference Equations, with Open Problems and Conjectures, 2002).