Non sequitur. Non sequitur, in formal logic, is an argument in which its conclusion does not follow from its premises. In a non sequitur, the conclusion could be either true or false, but the argument is fallacious because there is a disconnection between the premise and the conclusion. All invalid arguments are special cases of non sequitur. The term has special applicability in law, having a formal legal definition.
The units of the universal gas constant R is derived from equation PV=nRT. It stands for Regnault. then R is in Lâatm/molâK. R has the value 0.082057 Lâatm/molâK with the above units for the remaining variables. In other scenarios with pressures of bars instead, you may also use 0.083145 Lâbar/molâK.
PVBP = initial price - price if yield is changed by 1 basis point. Example: Price Value of a Basis Point. Assume that the initial price is 98 and the new price is 97.75. Because of a 1 bps increase in rates the PVBP would be .25 (98 - 97.75). DV01 is related to duration. It is just a special case of dollar duration. Instead of using a 100 basis point change you are simply using a 1 basis point change.