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

Size of Offer				Public Price				Net to Corporation
a.	$	2.7	million		$	50			$	46.30
b.		11.0	million			50				47.28
c.		29.0	million			50				47.75

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 offer	underwriting spread
a	$2.7 million
b	$11 million
c	$29 million