Which of the following correctly represents the payoff formulas for a long call option and a long forward contract, respectively? Let S_T be the expiration stock price, and K be the strike price.

O 1. call: max(K - S_T, 0) & forward: K- S_T O

O2. call: max(S_T - K, 0) & forward: S_T - K O

O3. There is no correct answer.

O 4. call: S_T - K & forward: max(S_T - K, 0)

O 5z call: K - S_T & forward: max(K - S_T, 0)