morgan stanley notes to consolidated financial statements 2014 ( continued ) broader corporate reorganization , contemplated by the company at the ipo date , the increase in the carrying amount of the company 2019s investment in msci was recorded in paid-in capital in the company 2019s consolidated statement of financial condition and the company 2019s consolidated statement of changes in shareholders 2019 equity at november 30 , 2007 . subsequent to the ipo , the company maintains approximately 81% ( 81 % ) ownership of msci and consolidates msci for financial reporting purposes . jm financial . in october 2007 , the company dissolved its india joint ventures with jm financial . the company purchased the joint venture 2019s institutional equities sales , trading and research platform by acquiring jm financial 2019s 49% ( 49 % ) interest and sold the company 2019s 49% ( 49 % ) interest in the joint venture 2019s investment banking , fixed income and retail operation to jm financial . citymortgage bank . on december 21 , 2006 , the company acquired citymortgage bank ( 201ccitymortgage 201d ) , a moscow-based mortgage bank that specializes in originating , servicing and securitizing residential mortgage loans in the russian federation . since the acquisition date , the results of citymortgage have been included within the institutional securities business segment . olco petroleum group inc . on december 15 , 2006 , the company acquired a 60% ( 60 % ) equity stake in olco petroleum group inc . ( 201colco 201d ) , a petroleum products marketer and distributor based in eastern canada . since the acquisition date , the results of olco have been included within the institutional securities business segment . saxon capital , inc . on december 4 , 2006 , the company acquired saxon capital , inc . ( 201csaxon 201d ) , a servicer and originator of residential mortgages . since the acquisition date , the results of saxon have been included within the institutional securities business segment . frontpoint partners . on december 4 , 2006 , the company acquired frontpoint partners ( 201cfrontpoint 201d ) , a provider of absolute return investment strategies . since the acquisition date , the results of frontpoint have been included within the asset management business segment . fiscal 2006 . goldfish . on february 17 , 2006 , the company acquired the goldfish credit card business in the u.k . as a result of the discover spin-off , the results of goldfish have been included within discontinued operations ( see note 22 ) . the acquisition price was $ 1676 million , which was paid in cash in february 2006 . the company recorded goodwill and other intangible assets of approximately $ 370 million in connection with the acquisition . the following table summarizes the fair values of the assets acquired and the liabilities assumed at the date of the acquisition : at february 17 , 2006 ( dollars in millions ) .

Table: at february 17 2006 ( dollars in millions ) consumer loans $ 1316 goodwill 247 amortizable intangible assets 123 other assets 20 total assets acquired 1706 total liabilities assumed 30 net assets acquired $ 1676

the $ 123 million of acquired amortizable intangible assets includes customer relationships of $ 54 million ( 15-year estimated useful life ) and trademarks of $ 69 million ( 25-year estimated useful life ) . .

Question: what percentage of net assets acquired is amortizable intangible assets?
Answer: 7%
Calculation: divide(123, 1676)