The Wrigley Corporation needs to raise exist24 million. The investment banking firm of Tinkers, Evers & Chance will handle the transaction. a. If stock is utilized 2, 100,000 shares will be sold to the public at exist12.25 per share. The corporation will receive a net price of exist11.50 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 24, 150 bonds will be sold to the public at exist1,003 per bond. The corporation will receive a net price of exist998 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 % Which alternative has the larger percentage of spread? Stock Bond Is this the normal relationship between the two types of issues? Yes Non