Please answer the given financial question based on the context.
Context: performance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 26 , 2008 through october 27 , 2013 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 26 , 2008 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index and the rdg semiconductor composite index * assumes $ 100 invested on 10/26/08 in stock or 10/31/08 in index , including reinvestment of dividends . indexes calculated on month-end basis . 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. .
||10/26/2008|10/25/2009|10/31/2010|10/30/2011|10/28/2012|10/27/2013|
|applied materials|100.00|116.07|113.08|118.21|102.77|175.76|
|s&p 500 index|100.00|109.80|127.94|138.29|159.32|202.61|
|rdg semiconductor composite index|100.00|124.98|153.98|166.89|149.81|200.47|
dividends during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share . during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 per share . during fiscal 2011 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.08 per share each and one quarterly cash dividend of $ 0.07 . dividends declared during fiscal 2013 , 2012 and 2011 totaled $ 469 million , $ 438 million and $ 408 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders. .
Question: what is the total return if 100000 are invested in s&p500 in 2008 and sold in 2011?


Answer: The answer is:38290.0