Converts a dollar price expressed as a fraction into a dollar price expressed as a decimal number.
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DOLLARDE(fractional_dollar, fraction)The DOLLARDE function is used to convert fractional pricing, such as securities prices, into decimal format. This is particularly useful for financial calculations where prices are traditionally quoted in fractions like 1/16 or 1/32.
=DOLLARDE(1.02, 16)النتيجة: 1.125
Converts 1 and 2/16 into the decimal 1.125.
Excel will truncate the fraction argument to an integer.