Assume Safeguard Detective Company is thinking about three different size offerings for the issuance of additional shares.

Size of offer			Public price			Net to Corporation
	$2.2	million		$45			$41.50
	$7.0	million		$45			$42.00
	$31.0	million		$45			$42.25

a. What is the percentage underwriting spread for each size offering? (Round the final answers to 2 decimal places.)

a.	$2.2 million	%
b.	$7.0 million	%
c.	$31.0 million	%