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

Size of Offer				Public Price				Net to Corporation
a.	$	2.8	million		$	48			$	44.50
b.		11.0	million			48				45.28
c.		28.0	million			48				46.50

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.	$2.8 million	%
b.	$11.0 million	%
c.	$28.0 million	%