Which statement is not correct statement?

Value of both call options and put options increases with time until expiration

Call option is right to sell underlying asset at the strike or exercise price

A derivative is a security that gets its value from the values of another asset, such as commodity prices, bond and stock prices, or market index values

Futures contracts are entered into without cost

A problem of Price-weighted index is that the value can be unduly influenced by the price changes of one high-priced stock