Please answer the given financial question based on the context.
Context: five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31 , 2008 , assuming that dividends were reinvested . the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a peer group . snap-on incorporated total shareholder return ( 1 ) fiscal year ended ( 2 ) snap-on incorporated peer group ( 3 ) s&p 500 .
|fiscal year ended ( 2 )|snap-onincorporated|peer group ( 3 )|s&p 500|
|december 31 2008|$ 100.00|$ 100.00|$ 100.00|
|december 31 2009|111.40|127.17|126.46|
|december 31 2010|153.24|169.36|145.51|
|december 31 2011|140.40|165.85|148.59|
|december 31 2012|223.82|195.02|172.37|
|december 31 2013|315.72|265.68|228.19|
( 1 ) assumes $ 100 was invested on december 31 , 2008 , and that dividends were reinvested quarterly . ( 2 ) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year ; for ease of calculation , the fiscal year end is assumed to be december 31 . ( 3 ) the peer group consists of : stanley black & decker , inc. , danaher corporation , emerson electric co. , genuine parts company , newell rubbermaid inc. , pentair ltd. , spx corporation and w.w . grainger , inc . 24 snap-on incorporated 2009 2010 2011 2012 2013 snap-on incorporated peer group s&p 500 .
Question: what is the return on investment if $ 100 are invested in s&p500 at the end of 2008 and sold at the end of 2010?


Answer: The answer is:0.4551