The Wrigley Corporation needs to raise $29 million. The investment banking firm of Tinkers, Evers, & Chance will handle the transaction. a. If stock is utilized, 1, 800,000 shares will be sold to the public at $16.50 per share. The corporation will receive a net price of $16.00 per share. What is the percentage underwriting spread per share? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. If bonds are utilized, slightly over 28, 800 bonds will be sold to the public at $1,008 per bond. The corporation will receive a net price of $996 per bond. What is the percentage of underwriting spread per bond? (Relate the dollar spread to the public price.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Which alternative has the larger percentage of spread? Stock Bond Is this the normal relationship between the two types of issues? Yes No