When you listen to a financial report, you might hear a price such as 1 and five sixteenths or 1.3125. Those two statements actually represent the same value; the trick is to convert between decimal notation and fractional notation. In Excel, you can do that by using the DOLLARDE and DOLLARFR functions.
- [Instructor] When you listen to a financial report,…you might hear a price such as 1 5/16, or 1.3125.…Those two statements actually represent the same value.…The trick is to convert between decimal notation…and fractional notation.…In Excel, you can do that by using the dollarde,…and dollarfr functions.…I'll demonstrate how to use those functions.…My sample file is Convert_05_01…and you can find it in the Chapter05 folder…of your exercise files collection.…In the cell C4 and C5, I have the information I need…for a fractional value.…
So I have the fractional dollar value…of 1.07…and 16.…What that means is that I have $1 and 7/16.…I can convert that to a decimal value…by clicking in cell C6, then typing equal,…and we'll change it to dollarde.…So we're converting a dollar price,…expresses a fraction to a decimal.…Left parentheses, and then just the two arguments.…The fractional dollar amount comma,…and then the fraction,…the denominator,…that's in C5, press Enter.…
And we see that we get 1.4375.…Now let's say we have a decimal dollar value of 1.875…
- Analyzing loans, payments, and interest
- Calculating depreciation
- Determining values and rates of return
- Calculating bond coupon dates and security durations
- Calculating security prices and yields
- Calculating prices and yields of securities with odd periods
- Analyzing simulation results
Skill Level Intermediate
1. Analyzing Loans, Payments, and Interest
2. Calculating Depreciation
3. Determining Values and Rates of Return
4. Calculating Bond Coupon Dates and Security Durations
5. Calculating Security Prices and Yields
6. Analyzing Simulation Results
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