Financial Time Series Toolbox

toquoted

Decimal to fractional conversion

Syntax

• quote = toquoted(usddec, fracpart)
  

Description

quote = toquoted(usddec, fracpart) returns the fractional equivalent, quote, of the decimal figure, usddec, based on the fractional base (denominator), fracpart. The fractional bases are the ones used for quoting equity prices in the United States (denominator 2, 4, 8, 16, or 32). If fracpart is not entered, the denominator 32 is assumed.

Examples

A United States equity price in decimal form is 101.625. To convert this to fractional form in eighths of a dollar:

• quote = toquoted(101.625, 8)
  
  quote =
          101.05
  

The answer is interpreted as 101 5/8.

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

See Also

todecimal

toquarterly

tosemi