Excel DOLLARDE function
The DOLLARDE function converts a dollar value expressed in fractional notation (including the integer part and a fraction part) to a dollar value expressed in decimal notation based on the fraction you specify.
Fractional_dollar (Required): It is a dollar value displayed in decimal;
Fraction (Required): The integer used in the denominator of the fraction.
1. If the fraction is a decimal, it will be truncated to integer;
2. The #NUM! error occurs when the fraction is less than 0;
3. The #DIV/0! error occurs when the fraction is equal to or greater than 0 and less than 1;
4. The #VALUE! error occurs when either of the arguments is non-numeric;
5. This function can be used for security prices;
It returns a decimal number.
As shown in the screenshot below, to convert each dollar price in B6:B13 into a dollar price expressed as a decimal number based on the corresponding fraction in C6:C13, you can do as follows.
1. Select a blank cell (here I select a cell D6 next to the first fraction), copy or enter the formula below and press the Enter key to get the result. Select this result cell and then drag its AutoFill Handle down to get other results.
Notes:In the formula, in addition to using references to cells, you can directly type in the dollar price and the fraction such as: =DOLLARDE(100.06,8).
Excel DOLLARFR function
The DOLLARFR function converts a dollar value expressed in decimal notation to a dollar value expressed in fractional notation (including the integer part and a fraction part) based on given fraction.
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