Explanation:

At inception, both the price return version and total return version of an index start with the same base value. The difference between them emerges over time as the total return version includes reinvested dividends or other distributions, while the price return version only tracks price changes.

Key points:

1. Price Return Index: Measures only the price appreciation/depreciation of the constituent securities.
2. Total Return Index: Measures both price changes and reinvested income (dividends, interest, etc.).
3. At inception: Both indices are typically set to the same base value (e.g., 100 or 1000).
4. Over time: The total return index will grow faster than the price return index because it includes reinvested income.

Therefore, at inception, the values are equal, making option B correct.