FracToDec function New

Convert a price to decimal notation from the fractional notation that is conventional in the U.S. government bond market.

Syntax

=FracToDec(Value)

Arguments

Value
A price expressed in fractional form that the user wishes to convert to decimal form. The fractional value must have a hyphen separating the handle from the fractional value and the fractional value must contain three digits.

Return Values

<Value>
The input price converted to decimal notation.
Invalid Format
The input value must have a hyphen separating the handle from the fractional value and the fractional value must contain three digits. Check the input value and correct as necessary.