ReferenceFunctionsFinancial Functions
DOLLARDE
DOLLARDE: Converts fractional-dollar notation into a decimal dollar value.
Summary
This is commonly used for security price formats such as thirty-seconds (fraction = 32).
Remarks
fractionis truncated to an integer denominator and must be>= 1.- Sign convention: sign is preserved (
-xmaps to-result). - No periodic rate is involved in this conversion.
- Returns
#NUM!whenfraction < 1after truncation. - Fractional parsing uses denominator digit width (
ceil(log10(fraction))).
Examples
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Related functions
FAQ
Why does DOLLARDE truncate fraction?
The denominator is treated as an integer quote base; values below 1 after truncation return #NUM!.
Runtime metadata
Category
Financial
Signature
DOLLARDE(arg1: Number, arg2: Number)Arity
min 2, max 2
Arguments
arg1Number · Scalar · coercion NumberLenientText
arg2Number · Scalar · coercion NumberLenientText
Caps
PURE
Source