## Purpose

## Return value

## Arguments

*fractional_dollar*- Dollar component in special fractional notation.*fraction*- The denominator in the fractional unit. 8 = 1/8, 16 = 1/16, 32 = 1/32, etc.

## Syntax

## How to use

The DOLLARDE function is a financial function which converts values pricing entered with a particular fractional notation into an equivalent decimal number. It can be used for securities where pricing is given to the nearest 1/8, 1/16, 1/32, etc.

For example, to convert the price "3 and 1/16" to an equivalent decimal value, you can use the DOLLARDE function like this:

```
=DOLLARDE(3.01,16) // returns 3.0625
```

Notice first argument shows the whole dollar value on the left, and the decimal component is used to express the numerator (.01 = 1, .11 = 11, etc.). The second argument is the denominator.

In the example shown, the formula column E, copied down, is:

```
=DOLLARDE(C6,D6)
```

On each row, the DOLLARDE function picks up the fractional dollar notation from column C and the denominator from column D.

### Notes

- Both
*fractional_dollar*and*fraction*arguments must be numeric values. - The value for
*fraction*must be greater than zero.