The Wrigley Corporation needs to raise $45 million. The Investment banking firm of Tinkers. Evers & Chance will handle the transaction. a. If stock is utilized. 2.500.000 shares will be sold to the public at $21.00 per share. The corporation will receive a net price of $18.00 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.) Underwriting spread per share b. If bonds are utilized, slightly over 45,000 bonds will be sold to the public at $1.008 per bond. The corporation will receive a net price of $995 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.) Underwriting spread per bond C-1. Which alternative has the larger percentage of spread? Stock Bond C-2. Is this the normal relationship between the two types of issues? Yes No