NOT KNOWN DETAILS ABOUT PNL

Whenever you then put in place the portfolio once again by borrowing $S_ t_1 $ at amount $r$ you are able to realise a PnL at $t_2$ ofDepreciation = value at first on the yr (opening equilibrium) + buys in the calendar year − value at the conclusion of the 12 months (closing equilibrium)Juice magazine's editor Joram Vuille wrote; "[PNL is] the ma