DOLLARFR
The DOLLARFR function converts a dollar price expressed as a decimal number into a fraction representation. It is useful for financial calculations that require fractional dollar prices.
Syntax 🔗
=DOLLARFR(decimal_dollar, fraction)
decimal_dollar | The dollar price expressed as a decimal number that you want to convert to a fraction. |
fraction | The denominator for the fraction representing the dollar price. Typically, this is 32 or 64. |
About DOLLARFR 🔗
Use the DOLLARFR function in Excel to convert decimal dollar values into fractional dollar prices. This is useful in financial analysis or situations where you need precise fractional dollar values. It helps you handle dollar price calculations that require a fractional view.
Examples 🔗
Suppose you have a stock price of $59.375 that you want to represent as a fraction with a denominator of 8. Use the DOLLARFR formula like this: =DOLLARFR(59.375, 8) This will return the price as a fraction in the form of 59 3/8.
Imagine you are working with a bond value of $1,012.50 and you wish to express it as a fraction with a denominator of 16. Apply the DOLLARFR formula for this scenario: =DOLLARFR(1012.50, 16) This will give the bond value as a fraction like 1012 8/16.
Notes 🔗
Ensure the decimal dollar value you provide to the DOLLARFR function is accurate and correctly formatted to achieve the desired fractional representation. Choose the fraction used as the denominator to match the required level of precision or convention in your financial context.
Questions 🔗
The DOLLARFR function streamlines the process and ensures accuracy when converting decimal dollar values to fractions. In scenarios where precision and efficiency are crucial, relying on the DOLLARFR function saves time and minimizes human error.
Can the DOLLARFR function handle decimal dollar values with any number of decimal places?Yes, the DOLLARFR function can convert decimal dollar values with any number of decimal places into fractions as long as the provided values are within Excel's calculation capabilities.
What happens if I use a fraction denominator that is not a standard financial convention, like 16?While the standard fraction denominators often used in finance are 32 and 64, you can still use non-standard denominators like 16 with the DOLLARFR function. However, it's important to be mindful of industry practices and conventions when choosing the denominator for proper communication and interpretation of fractional dollar values.