DOLLARDE (FractionalRepresentation, Denominator) DOLLARDE (FractionalRepresentation; Denominator)
FractionalRepresentation
Number Number
The fractional representation to convert.
Denominator
Number Number
The denominator.
Returns
Number Number
A converted decimal number.
Converts a fractional number representation of a number into a decimal number. Security prices, for example, are sometimes expressed as 5.12, meaning $5 and 12/32nds of a dollar. Use DOLLARFR to perform the reverse calculation.
Example
DOLLARDE (5.12, 32)
DOLLARDE (5,12; 32)
Converts $5 and 12/32nds of a dollar to its decimal value, $5.375.