NO.PZ2020012005000043
问题如下：
A one-year forward contract to buy a non-dividend-paying stock is entered into when the stock price is USD 100 and the risk-free rate is 5% per year (with annual compounding).
What is the value of the forward contract?
选项：
A.103
B.100
C.97
D.0
解释：
本题求的是forward value 而不是 forward price。
在合约初始时forward value 为0.
老师，
这道题怎么判断求的是期初forward value还是期末？
