Cullumber Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $992 per bond. If the investment banker sells the entire issue to investors for $10,192,000. (Round percentage underwriting cost to 2 decimal places, e.g. 17.54%.)

a. What is the underwriting spread for this issue? $

b. What is the percentage underwriting cost? %

c. How much will Cullumber raise?