visa inc .
notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) require the company to redeem all class c ( series ii ) common stock at any time after december 4 , 2008 .
therefore , in march 2008 , the company reclassified all class c ( series ii ) common stock at its then fair value of $ 1.125 billion to temporary equity on the company 2019s consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $ 1.104 billion and accumulated income ( deficit ) of $ 21 million .
the company accreted this stock to its redemption price of $ 1.146 billion , adjusted for dividends and certain other adjustments , on a straight-line basis , from march 2008 to october 2008 through accumulated income .
see note 4 2014visa europe for a roll-forward of the balance of class c ( series ii ) common stock .
the following table sets forth the number of shares of common stock issued and outstanding by class at september 30 , 2008 and the impact of the october 2008 redemptions and subsequent conversion of the remaining outstanding shares of class c ( series iii and series iv ) to class c ( series i ) shares and the number of shares of common stock issued and outstanding after the october 2008 redemptions in total and on as converted basis : shares issued and outstanding september 30 , october 2008 redemptions conversion to class c ( series i ) following immediate conversion to class c ( series i ) converted post october redemptions .

Shares issued and outstanding
At September 30, 2008
October 2008 Redemptions
Conversion to class C (series I)
Following Immediate Conversion to class C  (series I)
As Converted Post October 2008 Redemptions
Class A common stock
447,746,261
—
—
447,746,261
447,746,261
Class B common stock<sup>(1)</sup>
245,513,385
—
—
245,513,385
175,367,482
Class C (series I) common stock
124,097,105
—
27,499,203
151,596,308
151,596,308
Class C (series II) common stock
79,748,857
(79,748,857)
—
—
—
Class C (series III) common stock
62,213,201
(35,263,585)
(26,949,616)
—
—
Class C (series IV) common stock
549,587
—
(549,587)
—
—
Total shares issued and outstanding
959,868,396
(115,012,442)
—
844,855,954
774,710,051

( 1 ) all voting and dividend payment rights are based on the number of shares held multiplied by the applicable conversion rate in effect on the record date , as discussed below .
subsequent to the ipo and as a result of the initial funding of the litigation escrow account , the conversion rate applicable to class b common stock was approximately 0.71 shares of class a common stock for each share of class b common stock .
special ipo cash and stock dividends received from cost method investees , net of tax several of the company 2019s cost method investees are also holders of class c ( series i ) common stock and therefore participated in the initial share redemption in march 2008 .
certain of these investees elected to declare a special cash dividend to return to their owners on a pro rata basis , the proceeds received as a result of the redemption of a portion of their class c ( series i ) common stock .
the dividends represent the return of redemption proceeds .
as a result of the company 2019s ownership interest in these cost method investees , the company received approximately $ 21 million of special dividends from these investees during the third fiscal quarter and recorded a receivable of $ 8 million in prepaid and other assets on its consolidated balance sheet at september 30 , 2008 for a dividend declared by these investees during the fourth fiscal quarter .
in addition , another investee elected to distribute its entire ownership in the company 2019s class c ( series i ) common stock through the distribution of these shares to its investors on a pro rata basis .
as a result , the company received 525443 shares of its own class c ( series i ) common stock during the fourth fiscal quarter and recorded $ 35 million in treasury stock .
the value of the treasury stock was calculated based on sales prices of other recent class c ( series i ) stock transactions by other class c .

Question: Analyse this data from a financial earnings document. what portion of the total shares issued and outstanding are class b common stock?
Choices:
-714355011
-0.25578
-446.72342
3.90964
0.25578
Correct choice index: 4