The Canadian Loonie Company needs to raise $40 million. The investment dealer Wayne and Shuster will handle the transaction. (For all the requirements, do not round the intermediate calculations. Round the final answers to 2 decimal places.) a. If stock is utilized, 2 million shares will be sold to the public at $20.95 per share. The corporation will receive a net price of $20 per share. What is the percentage of underwriting spread per share? Percentage underwriting spread per share % b. If bonds are utilized, slightly over 40,000 bonds will be sold to the public at $1,001 per bond. The corporation will receive a net price of $998 per bond. What is the percentage of underwriting spread per bond? Percentage underwriting spread per bond % C-1. Which alternative has the larger percentage of spread? Shares Bond c-2. Is this the normal relationship between the two types of issues? Yes O No