Please read the following table in HTML format from a webpage and then answer the question in detail according to the table. Each table cell is defined by a <td> and a </td> tag. Each table row starts with a <tr> and ends with a </tr> tag. 'rowspan=m' and 'colspan=n' represents a cell spaning over 'm' rows and 'n' columns.

Webpage title:
Cruz Bustamante
Table title:
Electoral history
Table:
<table id='hittask' contenteditable='False'>
<tr> <th colspan=2 rowspan=1 > Party </th><th colspan=1 rowspan=1 > Candidate </th><th colspan=1 rowspan=1 > Votes </th><th colspan=1 rowspan=1 > % </th></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td class="highlighted"  colspan=1 rowspan=1 > Republican </td><td class="highlighted"  colspan=1 rowspan=1 > Arnold Schwarzenegger </td><td colspan=1 rowspan=1 > 4,206,284 </td><td colspan=1 rowspan=1 > 48.6 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td class="highlighted"  colspan=1 rowspan=1 > Democratic </td><td class="highlighted"  colspan=1 rowspan=1 > Cruz Bustamante </td><td colspan=1 rowspan=1 > 2,724,874 </td><td class="highlighted"  colspan=1 rowspan=1 > 31.5 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Republican </td><td colspan=1 rowspan=1 > Tom McClintock </td><td colspan=1 rowspan=1 > 1,161,287 </td><td colspan=1 rowspan=1 > 13.5 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Green </td><td colspan=1 rowspan=1 > Peter Miguel Camejo </td><td colspan=1 rowspan=1 > 242,247 </td><td colspan=1 rowspan=1 > 2.8 </td></tr>
</table>
Question:
What was the result of the electoral run off between Cruz Bustamante and Arnold Schwarzenegger?
Answer:
Cruz Bustamante of Democrat was placed second to Republican Arnold Schwarzenegger, with 31.5% of the votes.