The forward price of the September 2021 maturity corn contract is $3 per bushel. Suppose that when the contract matures in September 2021, the price of corn turns out to be $2.80 per bushel. Each contract calls for delivery of 5,000 bushels. Which of the following is TRUE?

Group of answer choices

The short position has the obligation to pay the long position $1,000.

The long position bears current credit risk on the maturity date.

The short positions payoff from the forward is $1,000.

The amount at risk of a credit loss on the maturity date is $500.