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		$	46			$	42.60
b.		7.0	million			46				43.20
c.		28.0	million			46				43.50

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 Offer	Underwriting Spread
a.	$2.4 million		%
b.	$7 million		%
c.	$28 million		%