DOLLARDE function

This article describes the formula syntax and usage of the DOLLARDEfunction in Microsoft Excel.

Description

Converts a dollar price expressed as an integer part and a fraction part, such as 1.02, into a dollar price expressed as a decimal number. Fractional dollar numbers are sometimes used for security prices.

The fraction part of the value is divided by an integer that you specify. For example, if you want your price to be expressed to a precision of 1/16 of a dollar, you divide the fraction part by 16. In this case, 1.02 represents $1.125 ($1 + 2/16 = $1.125).

Syntax

DOLLARDE(fractional_dollar, fraction)

The DOLLARDE function syntax has the following arguments:

  • Fractional_dollar    Required. A number expressed as an integer part and a fraction part, separated by a decimal symbol.

  • Fraction    Required. 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 greater than or equal to 0 and less than 1, DOLLARDE returns the #DIV/0! error value.

Example

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

How do I copy an example?

  1. Select the example in this article.

    Important   Do not select the row or column headers.

    selecting an example from help

    Selecting an example from Help

  2. Press CTRL+C.

  3. In Excel, create a blank workbook or worksheet.

  4. In the worksheet, select cell A1, and press CTRL+V.

    Important   For the example to work properly, you must paste it into cell A1 of the worksheet.

  5. 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.

After you copy the example to a blank worksheet, you can adapt it to suit your needs.

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Formula

Description (Result)

=DOLLARDE(1.02,16)

Converts 1.02, read as 1 and 2/16, to a decimal number (1.125). Because the fraction value is 16, the price has a precision of 1/16 of a dollar.

=DOLLARDE(1.1,32)

Converts 1.1, read as 1 and 10/32, to a decimal number (1.3125). Because the fraction value is 32, the price has a precision of 1/32 of a dollar.

Applies To: Excel 2010, Excel Starter, Excel Online, SharePoint Online



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