Join Curt Frye for an in-depth discussion in this video DOLLARDE and DOLLARFR: Converting between fractional prices and decimal prices, part of Excel 2010: Financial Functions.
When you listen to a financial report, you might hear a price such as 1 and 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.…You read a fractional dollar amount by putting the part to the right of…the decimal point of the dollar value over a fraction which has to be named separately.…So, for example the value that I have in C4 is 1.05.…
So, that's 1 and 5 something and then in cell C5, we see that we have the value 16.…So, we are looking for the value 1 and 5/16.…Now, if we want to convert that value to decimal, all we need to do is create a…formula using the DOLLARDE function.…So, I have clicked in cell C7, then I will type an equal sign, and then type…DOLLARDE( and then we have our fractional dollar, which is in cell c4, a roma, and then…the fraction and in fact this is the denominator, the number that goes under the…line when you write a fraction. That's in cell c5.…
- Analyzing loans, payments, and interest
- Discovering the interest rate of an annuity
- Determining depreciation using the straight line, declining balance, double-declining balance, and other methods
- Calculating the future value of an investment with variable returns
- Finding the discount rate of a security
- Converting between fractional prices and decimal prices
- Determining the yield of securities that pay interest periodically
Skill Level Intermediate
Q: Where can I learn more about Excel formulas?
A: Discover more on this topic by visiting Excel formulas on lynda.com.
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m 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. Calculating Prices and Yields of Securities with Odd Periods
Additional resources1m 5s
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