human
item 5. market for the registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock, the standard & poor 2019s 500 composite stock index (201cs&p 500 index 201d) and our peer group (201cloews peer group 201d) for the five years ended december 31, 2016. the graph assumes that the value of the investment in our common stock, the s&p 500 index and the loews peer group was $100 on december 31, 2011 and that all dividends were reinvested. .
|  | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| --------- | --------- | --------- | --------- | --------- | --------- | --------- |
| Loews Common Stock | 100.0 | 108.91 | 129.64 | 113.59 | 104.47 | 128.19 |
| S&P 500 Index | 100.0 | 116.00 | 153.57 | 174.60 | 177.01 | 198.18 |
| Loews Peer Group (a) | 100.0 | 113.39 | 142.85 | 150.44 | 142.44 | 165.34 |
(a) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries: chubb limited (name change from ace limited after it acquired the chubb corporation on january 15, 2016), w.r. berkley corporation, the chubb corporation (included through january 15, 2016 when it was acquired by ace limited), energy transfer partners l.p., ensco plc, the hartford financial services group, inc., kinder morgan energy partners, l.p. (included through november 26, 2014 when it was acquired by kinder morgan inc.), noble corporation, spectra energy corp, transocean ltd. and the travelers companies, inc. dividend information we have paid quarterly cash dividends in each year since 1967. regular dividends of $0.0625 per share of loews common stock were paid in each calendar quarter of 2016 and 2015. .
Please compute the result.
what was the value of the s&p index in 2012?
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116.0
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what is the net change assuming a $100 initial investment?
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16.0
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what is that value divided by the $100 investment?
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0.16