Converts a dollar price expressed as a fraction into a dollar price expressed as a decimal number. Use DOLLARDE to convert fractional dollar numbers, such as securities prices, to decimal numbers.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
- On the Tools menu, click Add-Ins.
- In the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
- If necessary, follow the instructions in the setup program.
Fractional_dollar is a number expressed as a fraction.
Fraction is the integer to use in the denominator of the fraction.
- If fraction is not an integer, it is truncated.
- If fraction is less than 0, DOLLARDE returns the #NUM! error value.
- If fraction is 0, DOLLARDE returns the #DIV/0! error value.
The example may be easier to understand if you copy it to a blank worksheet.
How to copy an example
- Create a blank workbook or worksheet.
- Select the example in the Help topic.
Note Do not select the row or column headers.
Selecting an example from Help
- Press CTRL+C.
- In the worksheet, select cell A1, and press CTRL+V.
- To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.
||Converts 1.02, read as 1 and 2/16, to a decimal number (1.125)
||Converts 1.1, read as 1 and 10/32, to a decimal number (1.3125)