The Wrigley Corporation needs to raise $48 million. The investment banking firm of Tinkers, Evers & Chance will handle the transaction. a. If stock is utilized, 2,400,000 shares will be sold to the public at $22.55 per share. The corporation will receive a net price of $20.00 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 48,000 bonds will be sold to the public at $1,002 per bond. The corporation will receive a net price of $999 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