shares of common stock .
the dividend of $ 35 million was paid on february 15 , 2019 , to shareholders of record as of the close of business on february 1 , 2019 .
share repurchases on july 20 , 2017 , the company announced that its board of directors authorized the repurchase of up to $ 1 billion of shares of its common stock .
during 2018 , the company completed this $ 1 billion share repurchase program with the repurchase of 11.0 million shares of common stock at an average price of $ 58.15 per share , or $ 638 million during the year .
in october 2018 , the company announced that its board of directors authorized a new $ 1 billion share repurchase program .
as of december 31 , 2018 , the company had repurchased 10.3 million shares of common stock at an average price of $ 48.53 per share under the new program .
in total , we utilized $ 1.1 billion to repurchase 21.3 million shares at an average price of $ 53.49 under these programs during the year ended december 31 , 2018 .
the company accounts for share repurchases retired after repurchase by allocating the excess repurchase price over par to additional paid- in-capital .
other common stock activity other common stock activity includes shares withheld to pay taxes for share-based compensation , exercises of stock options , and other activity .
during the year ended december a031 , 2017 , it also includes a $ 3 million conversion of the company's convertible debentures into 0.3 million shares of common stock .
there were no conversions of convertible debentures during the year ended december a031 , 2018 .
accumulated other comprehensive loss the following tables present after-tax changes in each component of accumulated other comprehensive loss ( dollars in millions ) : total ( 1 ) .

total ( 1 )
balance december 31 2017
$ ( 26 )
other comprehensive loss before reclassifications
( 203 )
amounts reclassified from accumulated other comprehensive loss
( 31 )
transfer of held-to-maturity securities to available-for-sale securities ( 2 )
6
net change
( 228 )
cumulative effect of hedge accounting adoption
( 7 )
reclassification of tax effects due to federal tax reform
( 14 )
balance december 31 2018 ( 3 )
$ ( 275 )

balance , december 31 , 2018 ( 3 ) $ ( 275 ) ( 1 ) during the year ended december 31 , 2018 , the accumulated other comprehensive loss activity was related to available-for-sale securities .
( 2 ) securities with a carrying value of $ 4.7 billion and related unrealized pre-tax gain of $ 7 million , or $ 6 million net of tax , were transferred from held-to-maturity securities to available-for-sale securities during the year ended december 31 , 2018 , as part of a one-time transition election for early adopting the new derivatives and hedge accounting guidance .
see note 1 2014 organization , basis of presentation and summary of significant accounting policies for additional information .
( 3 ) includes unamortized unrealized pre-tax losses of $ 22 million at december a031 , 2018 of which $ 16 million is related to the transfer of available-for-sale securities to held-to-maturity securities during the year ended december 31 , 2018 .
e*trade financial corporation notes to consolidated financial statements e*trade 2018 10-k | page 145 .

Question: what was the ratio of the pre-tax gain on the securities transferred from held-to-maturity securities to available-for-sale securities \\n
Answer: 0.15%
Explanation: the pre-tax gain was 0.15% of the securities transferred from held-to-maturity securities to available-for-sale securities \\n
Calculation: divide(const_7, 4.7)