NO.PZ2016031201000019
问题如下：
The price of a forward contract:
选项：
A.
is the amount paid at initiation.
B.
is the amount paid at expiration.
C.
fluctuates over the term of the contract.
解释：
B is correct.
The forward price is agreed upon at the start of the contract and is the fixed price at which the underlying will be purchased (or sold) at expiration. Payment is made at expiration. The value of the forward contract may change over time, but the forward price does not change.
中文解析：
本题考察的是远期合约的价格，这个价格是在合约期初已定好，但payment是发生在到期日的，所以选择B。
讲课时计算都是按T0时刻，那题中的所谓期初就定好的期末价格是不是要乘利率？
