DOLLARDE()

SyntaxDOLLARDE(Number,Factor)

Definition. This function converts a number’s decimal point section, which is interpreted as the numerator of a fraction, into a decimal number, if the denominator is given.

Arguments

  • Number (required) The number whose decimal places are interpreted as the numerator of a fraction.

  • Factor (required) The denominator of the fraction for which the decimal section of Number is interpreted as the numerator. Factor expects an integer; therefore, the decimal places are truncated. If Factor is less than zero, DOLLARDE() returns the error #NUMBER!. If it is equal to 0, the error #DIV/0! is displayed.

Background. Until 2001, the stock quotations at the large stock markets in the United States were traditionally given in natural fractions. In other countries, interest was usually established in steps of eighths.

This function helps with the conversion and thus facilitates the quotation comparison.

ExampleFigure 15-2 shows the function’s effects.

Conversion from halves, quarters, eighths, and sixteenths.

Figure 15-2. Conversion from halves, quarters, eighths, and sixteenths.

The results in column C interpret the first number 1.1 as 1½, 1¼, and sequentially. The interpretation as is problematic, because the decimal places can be interpreted only up to the tenth. The result is displayed in column E. In column D, the number 2.2 is interpreted—the number to the left of the period is the integer, and the number to the right of the period represents the quarters, eighths, and so on. Sixteenths cannot be interpreted correctly here either.

Caution

The numbers this function converts can usually only be entered manually and not as the results of calculations (with the exception of DOLLARFR()). However, you can continue to calculate with the conversion results (unlike with DOLLARFR()).

See Also

DOLLARFR()

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