Assume Sybase Software is thinking about three different size offerings for issuance of additional shares.

Size of Offer				Public Price				Net to Corporation
a.	$	2.4	million		$	43			$	39.50
b.		11.0	million			43				40.18
c.		30.0	million			43				40.50

What is the percentage underwriting spread for each size offer? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Size of OfferUnderwriting Spread

a.$2.4 million ___%

%b.$11 million ___%

%c.$30 million____%

%