Assume Fisher Food Products is thinking about three different size offerings for the issuance of additional shares.

Size of offer			Public price			Net to corporation
a.	$ 2.5	million		$ 43			$ 39.60
b.	11	million		43			40.68
c.	33	million		43			41.50

(a)	What is the percentage underwriting spread for each size offer? (Round your answers to 2 decimal places. Omit the "%" sign in your response.)

a.	$2.5 million	%
b.	$11 million	%
c.	$33 million	%