Name
DOLLARDE
Synopsis
DOLLARDE (an Analysis ToolPak function) allows you to convert a fractional dollar amount to a decimal amount. You can use this function to convert the price of a security, typically represented as a fractional amount, to a decimal amount that can be used for other calculations.
To Calculate
=DOLLARDE(Fractional_Dollar,Fraction)
Both of the arguments are required for this function.
-
Fractional_Dollar A decimal value that indicates the whole number and numerator value (top value of the fraction). For example, if the fractional dollar amount is 1 the value of this argument will be
1.1.-
Fraction Indicates the denominator of the fraction. If the fraction is 1/2 the value of this argument is
2.
Example
As indicated earlier in this chapter, DOLLARDE works to convert a fractional amount into a decimal amount. Figure 12-7 illustrates how DOLLARDE can be used to convert a fraction into a decimal amount.
Figure 12-7. Use DOLLARDE and DOLLARFR to convert between fractional and decimal values
Note
When you type a fractional amount in a cell, Excel automatically stores the value as a decimal value.
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