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

Size of Offer				Public Price				Net to Corporation
a.	$	2.1	million		$	48			$	44.50
b.		10.0	million			48				45.28
c.		31.0	million			48				47.00

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.	$2.1 million		%
b.	$10 million		%
c.	$31 million		%