visa inc .
notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) the company redeemed all outstanding shares of class c ( series ii ) common stock in october 2008 at its redemption price of $ 1.136 billion , which represents its stated redemption price of $ 1.146 billion reduced by the dividend declared in june 2008 and paid on these shares in august 2008 and the extinguishment of the subscription receivable .
fair value and accretion of class c ( series ii ) common stock at the time of the reorganization in october 2007 , the company determined the fair value of the class c ( series ii ) common stock to be approximately $ 1.104 billion .
prior to the ipo these shares were not redeemable .
completion of the company 2019s ipo triggered the redemption feature of this stock .
as a result , in accordance with emerging issues task force ( 201ceitf 201d ) topic d-98 , 201cclassification and measurement of redeemable securities , 201d in march 2008 , the company reclassified all outstanding shares of the class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary or mezzanine level equity on the company 2019s consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income of $ 21 million .
over the period from march 2008 to october 10 , 2008 , the date these shares were redeemed , the company recorded accretion of this stock to its redemption price through accumulated income .
the following table reflects activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 : fiscal 2008 ( in millions ) .

Fiscal 2008 (in millions)
Balance at October 1 recorded in stockholders’ equity
$1,104
Re-measure of fair value at IPO date
21
Accretion recorded from IPO date to September 30, 2008<sup>(1)</sup>
19
Dividend declared<sup>(2)</sup>
(8)
Balance at September 30 in temporary equity
$1,136

( 1 ) over the period from march 2008 to september 30 , 2008 , the company recorded accretion of this stock to its redemption price through accumulated income .
( 2 ) in june 2008 , the company declared a dividend of $ 0.105 per share .
the dividend paid to the class c ( series ii ) common stock is treated as a reduction in temporary equity as it reduces the redemption value of the class c ( series ii ) common stock .
see note 16 2014stockholders 2019 equity and redeemable shares for further information regarding the dividend declaration .
october 2008 redemptions of class c ( series ii ) and class c ( series iii ) common stock as noted above , on october 10 , 2008 , the company redeemed all of the outstanding shares of class c ( series ii ) common stock at its redemption price of $ 1.146 billion less dividends paid , or $ 1.136 billion .
pursuant to the company 2019s fourth amended and restated certificate of incorporation , 35263585 shares of class c ( series iii ) common stock were required to be redeemed in october 2008 and therefore were classified as a current liability at september 30 , 2008 on the company 2019s consolidated balance sheet .
on october 10 , 2008 , the company used $ 1.508 billion of net proceeds from the ipo for the required redemption of 35263585 shares of class c ( series iii ) common stock at a redemption .

Question: Analyse this data from a financial earnings document. what is the net chance in activity related to the class c ( series ii ) common stock from october 1 , 2007 to september 30 , 2008 , ( in millions ) ?
Choices:
-1074
1106
2240
32.0
1136
Correct choice index: 3