DOLLARDE

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.

ShowHow?

  1. On the Tools menu, click Add-Ins.
  2. In the Add-Ins available list, select the Analysis ToolPak box, and then click OK.
  3. If necessary, follow the instructions in the setup program.

Syntax

DOLLARDE(fractional_dollar,fraction)

Fractional_dollar     is a number expressed as a fraction.

Fraction     is the integer to use in the denominator of the fraction.

Remarks

  • 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.

Example

The example may be easier to understand if you copy it to a blank worksheet.

ShowHow to copy an example

  1. Create a blank workbook or worksheet.
  2. Select the example in the Help topic.

 Note   Do not select the row or column headers.

Selecting an example from Help

Selecting an example from Help
  1. Press CTRL+C.
  2. In the worksheet, select cell A1, and press CTRL+V.
  3. 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.
 
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A B
Formula Description (Result)
=DOLLARDE(1.02,16) Converts 1.02, read as 1 and 2/16, to a decimal number (1.125)
=DOLLARDE(1.1,32) Converts 1.1, read as 1 and 10/32, to a decimal number (1.3125)
 
 
Applies to:
Excel 2003