human
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s (continued) ace limited and subsidiaries the following table shows changes in the company 2019s stock options for the years ended december 31, 2008, 2007, and number of options weighted average exercise price.
|  | Number of Options | WeightedAverageExercise Price |
| --------- | --------- | --------- |
| Options outstanding, December 31, 2005 | 12,643,761 | $36.53 |
| Granted | 1,505,215 | $56.29 |
| Exercised | (1,982,560) | $33.69 |
| Forfeited | (413,895) | $39.71 |
| Options outstanding, December 31, 2006 | 11,752,521 | $39.43 |
| Granted | 1,549,091 | $56.17 |
| Exercised | (1,830,004) | $35.73 |
| Forfeited | (200,793) | $51.66 |
| Options outstanding, December 31, 2007 | 11,270,815 | $42.12 |
| Granted | 1,612,507 | $60.17 |
| Exercised | (2,650,733) | $36.25 |
| Forfeited | (309,026) | $54.31 |
| Options outstanding, December 31, 2008 | 9,923,563 | $46.24 |
the weighted-average remaining contractual term was 5.8 years for the stock options outstanding and 4.6 years for the stock options exercisable at december 31, 2008. the total intrinsic value was approximately $66 million for stock options out- standing and $81 million for stock options exercisable at december 31, 2008. the weighted-average fair value for the stock options granted for the year ended december 31, 2008 was $17.60. the total intrinsic value for stock options exercised dur- ing the years ended december 31, 2008, 2007, and 2006, was approximately $54 million, $44 million, and $43 million, respectively. the amount of cash received during the year ended december 31, 2008, from the exercise of stock options was $97 million. restricted stock the company 2019s 2004 ltip also provides for grants of restricted stock. the company generally grants restricted stock with a 4-year vesting period, based on a graded vesting schedule. the restricted stock is granted at market close price on the date of grant. included in the company 2019s share-based compensation expense in the year ended december 31, 2008, is a portion of the cost related to the unvested restricted stock granted in the years 2004 to 2008. .
Please answer the following question with expressions if necessary.
what is the change over the 2008 value?
assistant
subtract(46.24, 36.53), divide(#0, 36.53)