HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

$ Now you say $V_t$ may be the risky asset. Incredibly puzzling. Edit the write-up to make this crystal crystal clear. We can give thought to what is a PnL after we determine what we have invested in. $endgroup$The portfolio of bonds could have a selected DV01, that will be accustomed to compute the PnL. Can somebody notify me if this is true or is