You write an MSFT $430$ Jun $28$ put option. The option premium is $$4\mathrm{.}25$ and currently MSFT trades for $$428.$

a$.$ What is the option's intrinsic value? $(2$ points$)$

b$.$ What is the time value of the option? $(2$ points$)$

c$.$ Draw the profit and loss diagram for your position. Make sure you include the maximum profit, the maximum loss and the breakeven point. $(2$ points$)$