Financial Time Series Toolbox

todecimal

Fractional to decimal conversion

Syntax

• usddec = todecimal(quote, fracpart)
  

Description

usddec = todecimal(quote, fracpart) returns the decimal equivalent, usddec, of a security whose price is normally quoted as a whole number and a fraction (quote). fracpart indicates the fractional base (denominator) with which the security is normally quoted (default = 32).

Examples

In the Wall Street Journal, bond prices are quoted in fractional form based on a denominator of 32. For example, if you see the quoted price is 100:05 it means 100 5/32. To find the equivalent decimal value, enter

• usddec = todecimal(100.05)
  
  usddec = 
     100.1563
  
  usddec = todecimal(97.04, 16)
  
  usddec =
     97.2500
  

Note    The convention of using . (period) as a substitute for : (colon) in the input is adopted from Microsoft Excel.

See Also

toquoted

todaily

tomonthly