Financial - DOLLARDE Function
Description
The DOLLARDE function 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.
Syntax
DOLLARDE (fractional_dollar, fraction)
Arguments
Argument | Description | Required/ Optional |
---|---|---|
Fractional_dollar | A number expressed as an integer part and a fraction part, separated by a decimal symbol. | Required |
Fraction | The integer to use in the denominator of the fraction. | Required |
Notes
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.
If either of the specified arguments is non-numeric, DOLLARDE returns the #VALUE! error value.
Applicability
Excel 2007, Excel 2010, Excel 2013, Excel 2016