DOLLARFR

The Excel DOLLARFR function converts a dollar price in a regular decimal number format to a dollar price in a particular fractional notation used for securities where pricing is given to the nearest 1/8, 1/16, 1/32, etc. The DOLLARDE function does the opposite conversion. For example, to convert the price "1 and 1/16" to decimal notation for pricing given to the nearest 1/16, you can use the DOLLARFR function like this: Notice the first argument is a normal decimal value. The second argument is used to indicate the denominator of the fractional multiple to use for the conversion, i.e. 8 = 1/8, 16 = 1/16, 32 = 1/32, etc. In the example shown, the formula column E, copied down, is: On each row, the DOLLARDE function picks up the decimal value from column C and the fraction denominator from c