In a Qbank question based on a vignette, they asked what is the COST of a particular swap @ inception. Answers are three different values, one being zero. Their answer is zero because “Swaps are always priced so their value at inception is zero” I understand that the price makes the value zero, but what does the word “cost” mean then? I assumed it was asking what the price was. Should we always assume that “cost” means the value, rather than the price?
I would chalk it up to a poorly worded Schweser question.