PART II ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our Class A common stock trades on the New York Stock Exchange under the symbol “MA”.
At February 8, 2019, we had 73 stockholders of record for our Class A common stock.
We believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our Class A common stock is held in “street name” by brokers.
There is currently no established public trading market for our Class B common stock.
There were approximately 287 holders of record of our non-voting Class B common stock as of February 8, 2019, constituting approximately 1.1% of our total outstanding equity.
Stock Performance Graph The graph and table below compare the cumulative total stockholder return of Mastercard’s Class A common stock, the S&P 500 Financials and the S&P 500 Index for the five-year period ended December 31, 2018.
The graph assumes a $100 investment in our Class A common stock and both of the indices and the reinvestment of dividends.
Mastercard’s Class B common stock is not publicly traded or listed on any exchange or dealer quotation system.
## Table 0 ##
Total returns to stockholders for each of the years presented were as follows:
General and Administrative The significant components of our general and administrative expenses were as follows:
## Table 1 ##
Note: Table may not sum due to rounding.
** Not meaningful 1 Foreign exchange activity includes gains and losses on foreign exchange derivative contracts and the impact of remeasurement of assets and liabilities denominated in foreign currencies.
See Note 22 (Foreign Exchange Risk Management) to the consolidated financial statements included in Part II, Item 8 for further discussion.2 See “Non-GAAP Financial Information” for further information on Special Items.
The primary drivers of general and administrative expenses in 2018 and 2017, versus the prior year, were as follows: ?
Personnel expenses increased 20% and 21%, or 19% and 20% on a currency-neutral basis, respectively.
The 2018 and 2017 increases were driven by a higher number of employees to support our continued investment in the areas of real-time account-based payments, digital, services, data analytics and geographic expansion.
The impact of acquisitions contributed 2 and 6 percentage points of growth for 2018 and 2017, respectively.  ?
Data processing and telecommunication expenses increased 19% and 20%, respectively, both as reported and on a currency-neutral basis, due to capacity growth of our business.
Acquisitions contributed 3 and 8 percentage points, respectively.  ?
Foreign exchange activity contributed a benefit of 3 percentage points in 2018 related to gains from our foreign exchange activity for derivative contracts primarily due to the strengthening of the U. S.  dollar, partially offset by balance sheet remeasurement losses.
In 2017, foreign exchange activity had a negative impact of 2 percentage points due to greater losses from foreign exchange derivative contracts.  ?
Other expenses increased 2% and 23%, or 2% and 25% on a currency-neutral basis, respectively.
In 2018, other expenses increased primarily due to the $100 million contribution to the Mastercard Impact Fund.
The remaining increase was due to costs to support our strategic development efforts.
These increases were primarily offset by the non-recurring Venezuela charge of $167 million recorded in 2017 which was the primary driver of growth for that period.
Other expenses include costs to provide loyalty and rewards solutions, travel and meeting expenses and rental expense for our facilities and other costs associated with our business.
Advertising and Marketing In 2018, advertising and marketing expenses increased 18% both as reported and on a currency-neutral basis versus 2017, primarily due to a change in accounting for certain marketing fund arrangements as a result of our adoption of the new revenue guidance, partially offset by a net decrease in spending on certain marketing campaigns.
For a more detailed discussion on the impact of the new revenue guidance, refer to Note 1 (Summary of Significant Accounting Policies).
In 2017, advertising and marketing expenses increased 11%, or 10% on a currency-neutral basis versus 2016, mainly due to higher marketing spend primarily related to certain marketing campaigns.
The table below shows a summary of select balance sheet data at December 31:
## Table 2 ##
We believe that our existing cash, cash equivalents and investment securities balances, our cash flow generating capabilities, our borrowing capacity and our access to capital resources are sufficient to satisfy our future operating cash needs, capital asset purchases, outstanding commitments and other liquidity requirements associated with our existing operations and potential obligations.
Debt and Credit Availability In February 2018, we issued $500 million principal amount of notes due in 2028 and an additional $500 million principal amount of notes due in 2048.
Our total debt outstanding (including the current portion) was $6.3 billion and $5.4 billion at December 31, 2018 and 2017, respectively, with the earliest maturity of $500 million of principal occurring in April 2019.
As of December 31, 2018, we have a commercial paper program (the “Commercial Paper Program”), under which we are authorized to issue up to $4.5 billion in outstanding notes, with maturities up to 397 days from the date of issuance.
In conjunction with the Commercial Paper Program, we have a committed unsecured $4.5 billion revolving credit facility (the “Credit Facility”) which expires in November 2023.
Borrowings under the Commercial Paper Program and the Credit Facility are to provide liquidity for general corporate purposes, including providing liquidity in the event of one or more settlement failures by our customers.
In addition, we may borrow and repay amounts under these facilities for business continuity purposes.
We had no borrowings outstanding under the Commercial Paper Program or the Credit Facility at December 31, 2018 and 2017.
In March 2018, we filed a universal shelf registration statement (replacing a previously filed shelf registration statement that was set to expire) to provide additional access to capital, if needed.
Pursuant to the shelf registration statement, we may from time to time offer to sell debt securities, guarantees of debt securities, preferred stock, Class A common stock, depository shares, purchase contracts, units or warrants in one or more offerings.
See Note 14 (Debt) to the consolidated financial statements included in Part II, Item 8 for further discussion on our debt, the Commercial Paper Program and the Credit Facility.
Dividends and Share Repurchases We have historically paid quarterly dividends on our outstanding Class A common stock and Class B common stock.
Subject to legally available funds, we intend to continue to pay a quarterly cash dividend.
However, the declaration and payment of future dividends is at the sole discretion of our Board of Directors after taking into account various factors, including our financial condition, operating results, available cash and current and anticipated cash needs.
The following table summarizes the annual, per share dividends paid in the years reflected:

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Base period</td><td>Indexed Returns For the Years Ended December 31,</td></tr><tr><td>Company/Index</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>Mastercard</td><td>$100.00</td><td>$103.73</td><td>$118.05</td><td>$126.20</td><td>$186.37</td><td>$233.56</td></tr><tr><td>S&P 500 Financials</td><td>100.00</td><td>115.20</td><td>113.44</td><td>139.31</td><td>170.21</td><td>148.03</td></tr><tr><td>S&P 500 Index</td><td>100.00</td><td>113.69</td><td>115.26</td><td>129.05</td><td>157.22</td><td>150.33</td></tr></table>
<table><tr><td></td><td colspan="3">For the Years Ended December 31,</td><td colspan="2">Percent Increase (Decrease)</td></tr><tr><td></td><td>2018</td><td>2017</td><td>2016</td><td>2018</td><td>2017</td></tr><tr><td></td><td colspan="5">($ in millions)</td></tr><tr><td>Personnel</td><td>$3,214</td><td>$2,687</td><td>$2,225</td><td>20%</td><td>21%</td></tr><tr><td>Professional fees</td><td>377</td><td>355</td><td>337</td><td>6%</td><td>5%</td></tr><tr><td>Data processing and telecommunications</td><td>600</td><td>504</td><td>420</td><td>19%</td><td>20%</td></tr><tr><td>Foreign exchange activity<sup>1</sup></td><td>-36</td><td>106</td><td>34</td><td>**</td><td>**</td></tr><tr><td>Other</td><td>1,019</td><td>1,001</td><td>811</td><td>2%</td><td>23%</td></tr><tr><td>General and administrative expenses</td><td>5,174</td><td>4,653</td><td>3,827</td><td>11%</td><td>22%</td></tr><tr><td>Special Item<sup>2</sup></td><td>—</td><td>-167</td><td>—</td><td>**</td><td>**</td></tr><tr><td>Adjusted general and administrative expenses (excluding Special Item)<sup>2</sup></td><td>$5,174</td><td>$4,486</td><td>$3,827</td><td>15%</td><td>17%</td></tr></table>
<table><tr><td></td><td>2018</td><td>2017</td></tr><tr><td></td><td colspan="2">(in millions)</td></tr><tr><td>Balance Sheet Data:</td><td></td><td></td></tr><tr><td>Current assets</td><td>$16,171</td><td>$13,797</td></tr><tr><td>Current liabilities</td><td>11,593</td><td>8,793</td></tr><tr><td>Long-term liabilities</td><td>7,778</td><td>6,968</td></tr><tr><td>Equity</td><td>5,418</td><td>5,497</td></tr></table>

Question: as of february 8 , 2019 what was the number of shares outstanding
Answer: 260.909
Reasoning program: divide(287,1.1)