what portion of the total shares issued and outstanding are class a common stock?
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 .

shares_issued = 447746261
shares_outstanding = 959868396
percent_class_a = shares_issued / shares_outstanding
answer = percent_class_a * 100