THE ULTIMATE GUIDE TO PNL

$ While in the "function circumstance" you liquidate the portfolio at $t_1$ realising its PnL (allow me to simplify the notation somewhat)WillWill 13344 bronze badges $endgroup$ four $begingroup$ Did you not say in the beginning that $V$ is self-financing? In that case there isn't any Charge to finance it as well as PnL is always just $V_T-V_t$ in