Please answer the given financial question based on the context.
Context: item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2009 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2004 and that all dividends were reinvested. .
||2004|2005|2006|2007|2008|2009|
|loews common stock|100.00|135.92|179.47|219.01|123.70|160.62|
|s&p 500 index|100.00|104.91|121.48|128.16|80.74|102.11|
|loews peer group ( a )|100.00|133.59|152.24|174.46|106.30|136.35|
( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : ace limited , w.r . berkley corporation , cabot oil & gas corporation , the chubb corporation , energy transfer partners l.p. , ensco international incorporated , the hartford financial services group , inc. , kinder morgan energy partners , l.p. , noble corporation , range resources corporation , spectra energy corporation ( included from december 14 , 2006 when it began trading ) , transocean , ltd . and the travelers companies , inc . dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2009 and 2008 . we paid quarterly cash dividends on the former carolina group stock until the separation . regular dividends of $ 0.455 per share of the former carolina group stock were paid in the first and second quarters of 2008. .
Question: what was the growth rate of the s&p 500 index from december 31 , 2004 to 2007


Answer: The answer is:1.2816