NO.PZ2016031201000020
问题如下：
Assume an asset pays no dividends or interest, and also assume that the asset does not yield any non-financial benefits or incur any carrying cost. At initiation, the price of a forward contract on that asset is:
选项：
A.lower than the value of the contract.
B.equal to the value of the contract.
C.greater than the value of the contract.
解释：
C is correct.
The price of a forward contract is a contractually fixed price, established at initiation, at which the underlying will be purchased (or sold) at expiration. The value of a forward contract at initiation is zero; therefore, the forward price is greater than the value of the forward contract at initiation.
中文解析：
本题比较的是期初时，远期合约的价格和价值的比较。
远期合约的价格是在期初就确定下来的一个固定的值，而远期合约的价值在期初一定是等于0的，所以在期初的时候远期合约的价格一定是大于价值的。
可以理解为衍生品的价值在期初和期末都为0吗？ 然后在小t(期间)的value会大于price吗？
