Please answer the given financial question based on the context.
Context: n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31 , 2008 , 2007 , and number of options weighted average exercise price .
||number of options|weightedaverageexercise price|
|options outstanding december 31 2005|12643761|$ 36.53|
|granted|1505215|$ 56.29|
|exercised|-1982560 ( 1982560 )|$ 33.69|
|forfeited|-413895 ( 413895 )|$ 39.71|
|options outstanding december 31 2006|11752521|$ 39.43|
|granted|1549091|$ 56.17|
|exercised|-1830004 ( 1830004 )|$ 35.73|
|forfeited|-200793 ( 200793 )|$ 51.66|
|options outstanding december 31 2007|11270815|$ 42.12|
|granted|1612507|$ 60.17|
|exercised|-2650733 ( 2650733 )|$ 36.25|
|forfeited|-309026 ( 309026 )|$ 54.31|
|options outstanding december 31 2008|9923563|$ 46.24|
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31 , 2008 . the total intrinsic value was approximately $ 66 million for stock options out- standing and $ 81 million for stock options exercisable at december 31 , 2008 . the weighted-average fair value for the stock options granted for the year ended december 31 , 2008 was $ 17.60 . the total intrinsic value for stock options exercised dur- ing the years ended december 31 , 2008 , 2007 , and 2006 , was approximately $ 54 million , $ 44 million , and $ 43 million , respectively . the amount of cash received during the year ended december 31 , 2008 , from the exercise of stock options was $ 97 million . restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock . the company generally grants restricted stock with a 4-year vesting period , based on a graded vesting schedule . the restricted stock is granted at market close price on the date of grant . included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .
Question: what is the percentage change in the balance of outstanding options from 2005 to 2008?


Answer: The answer is:-0.21514