Cranjet Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $982 per bond. If the investment banker sells the entire issue to investors for $10,163,000. (Round percentage underwriting cost to 2 decimal places, e.g. 17.54%.)

I already figured out part 1 and three. I just need help with thesecond part about the percentage underwriting cost

a.	What is the underwriting spread for this issue?	$ 343000
b.	What is the percentage underwriting cost?		%
c.	How much will Cranjet raise?	$ 9820000

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