## Purpose

## Return value

## Arguments

*decimal_dollar*- Pricing as a normal decimal number.*fraction*- The denominator in the fractional unit. 8 = 1/8, 16 = 1/16, 32 = 1/32, etc.

## Syntax

## Usage notes

The Excel DOLLARFR function converts a dollar price in a regular decimal number format to a dollar price in a particular fractional notation used for securities where pricing is given to the nearest 1/8, 1/16, 1/32, etc. The DOLLARDE function does the opposite conversion.

For example, to convert the price "1 and 1/16" to decimal notation for pricing given to the nearest 1/16, you can use the DOLLARFR function like this:

```
=DOLLARFR(1.0625,16) // returns 1.01
```

Notice the first argument is a normal decimal value. The second argument is used to indicate the denominator of the fractional multiple to use for the conversion, i.e. 8 = 1/8, 16 = 1/16, 32 = 1/32, etc.

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

```
=DOLLARFR(C6,D6)
```

On each row, the DOLLARDE function picks up the decimal value from column C and the fraction denominator from column D.

### Notes

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