defined by fin 46 ( r ) , as a result of the issuance of subordinated notes by the conduits to third-party investors , and we do not record these conduits in our consolidated financial statements .at december 31 , 2006 and 2005 , total assets in unconsolidated conduits were $ 25.25 billion and $ 17.90 billion , respectively .our off-balance sheet commitments to these conduits are disclosed in note 10 .collateralized debt obligations : we manage a series of collateralized debt obligations , or 201ccdos . 201d a cdo is a managed investment vehicle which purchases a portfolio of diversified highly-rated assets .a cdo funds purchases through the issuance of several tranches of debt and equity , the repayment and return of which are linked to the performance of the assets in the cdo .typically , our involvement is as collateral manager .we may also invest in a small percentage of the debt issued .these entities typically meet the definition of a variable interest entity as defined by fin 46 ( r ) .we are not the primary beneficiary of these cdos , as defined by fin 46 ( r ) , and do not record these cdos in our consolidated financial statements .at december 31 , 2006 and 2005 , total assets in these cdos were $ 3.48 billion and $ 2.73 billion , respectively .during 2005 , we acquired and transferred $ 60 million of investment securities from our available-for- sale portfolio into a cdo .this transfer , which was executed at fair market value in exchange for cash , was treated as a sale .we did not acquire or transfer any investment securities to a cdo during 2006 .note 12 .shareholders 2019 equity treasury stock : during the first quarter of 2006 , we purchased 3 million shares of our common stock under a program authorized by our board of directors , or 201cboard , 201d in 2005 .on march 16 , 2006 , the board authorized a new program for the purchase of up to 15 million shares of our common stock for general corporate purposes , including mitigating the dilutive impact of shares issued under employee benefit programs , and terminated the 2005 program .under this new program , we purchased 2.8 million shares of our common stock during 2006 , and as of december 31 , 2006 , 12.2 million shares were available for purchase .we utilize third-party broker-dealers to acquire common shares on the open market in the execution of our stock purchase program .in addition , shares may be acquired for other deferred compensation plans , held by an external trustee , that are not part of the common stock purchase program .as of december 31 , 2006 , on a cumulative basis , approximately 395000 shares have been purchased and are held in trust .these shares are recorded as treasury stock in our consolidated statement of condition .during 2006 , 2005 and 2004 , we purchased and recorded as treasury stock a total of 5.8 million shares , 13.1 million shares and 4.1 million shares , respectively , at an average historical cost per share of $ 63 , $ 51 and $ 43 , respectively .accumulated other comprehensive ( loss ) income: .
[['( in millions )', '2006', '2005', '2004'], ['foreign currency translation', '$ 197', '$ 73', '$ 213'], ['unrealized gain ( loss ) on hedges of net investments in non-u.s . subsidiaries', '-7 ( 7 )', '11', '-26 ( 26 )'], ['unrealized loss on available-for-sale securities', '-227 ( 227 )', '-285 ( 285 )', '-56 ( 56 )'], ['minimum pension liability', '-186 ( 186 )', '-26 ( 26 )', '-26 ( 26 )'], ['unrealized loss on cash flow hedges', '-1 ( 1 )', '-4 ( 4 )', '-13 ( 13 )'], ['total', '$ -224 ( 224 )', '$ -231 ( 231 )', '$ 92']]
for the year ended december 31 , 2006 , we realized net gains of $ 15 million on sales of available-for- sale securities .unrealized losses of $ 7 million were included in other comprehensive income at december 31 , 2005 , net of deferred taxes of $ 4 million , related to these sales .seq 86 copyarea : 38 .x 54 .trimsize : 8.25 x 10.75 typeset state street corporation serverprocess c:\\fc\\delivery_1024177\\2771-1-dm_p.pdf chksum : 0 cycle 1merrill corporation 07-2771-1 thu mar 01 17:10:46 2007 ( v 2.247w--stp1pae18 ) .

Question: what is the growth rate in the average price of repurchased shares from 2005 to 2006?
Answer: 23.5%