Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


part ii item 5 . market for registrant 2019s common equity and related stockholder matters market information our common stock has been traded on the new york stock exchange ( 2018 2018nyse 2019 2019 ) under the symbol 2018 2018exr 2019 2019 since our ipo on august 17 , 2004 . prior to that time there was no public market for our common stock . the following table sets forth , for the periods indicated , the high and low bid price for our common stock as reported by the nyse and the per share dividends declared : dividends high low declared . <table class='wikitable'><tr><td>1</td><td>-</td><td>high</td><td>low</td><td>dividends declared</td></tr><tr><td>2</td><td>period from august 17 2004 to september 30 2004</td><td>$ 14.38</td><td>$ 12.50</td><td>$ 0.1113</td></tr><tr><td>3</td><td>quarter ended december 31 2004</td><td>14.55</td><td>12.60</td><td>0.2275</td></tr><tr><td>4</td><td>quarter ended march 31 2005</td><td>14.30</td><td>12.55</td><td>0.2275</td></tr><tr><td>5</td><td>quarter ended june 30 2005</td><td>14.75</td><td>12.19</td><td>0.2275</td></tr><tr><td>6</td><td>quarter ended september 30 2005</td><td>16.71</td><td>14.32</td><td>0.2275</td></tr><tr><td>7</td><td>quarter ended december 31 2005</td><td>15.90</td><td>13.00</td><td>0.2275</td></tr></table> on february 28 , 2006 , the closing price of our common stock as reported by the nyse was $ 15.00 . at february 28 , 2006 , we had 166 holders of record of our common stock . holders of shares of common stock are entitled to receive distributions when declared by our board of directors out of any assets legally available for that purpose . as a reit , we are required to distribute at least 90% ( 90 % ) of our 2018 2018reit taxable income 2019 2019 is generally equivalent to our net taxable ordinary income , determined without regard to the deduction for dividends paid , to our stockholders annually in order to maintain our reit qualifications for u.s . federal income tax purposes . unregistered sales of equity securities and use of proceeds on june 20 , 2005 , we completed the sale of 6200000 shares of our common stock , $ .01 par value , for $ 83514 , which we reported in a current report on form 8-k filed with the securities and exchange commission on june 24 , 2005 . we used the proceeds for general corporate purposes , including debt repayment . the shares were issued pursuant to an exemption from registration under the securities act of 1933 , as amended. .
Question: what was the net change in value of the high bid price for the quarter ended december 31, 2004 and the quarter ended march 31, 2005?

-0.25