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thirtytwo2dec - Thirty-second quotation to decimal

Syntax 

OutNumber =  thirtytwo2dec(InNumber, InFraction)

Arguments

InNumber

Scalar or vector of input numbers without fractional component.

InFraction

Scalar or vector of fractional portions of each element in InNumber.

Description

OutNumber = thirtytwo2dec(InNumber, InFraction) changes the price quotation for a bond or bond future from a fraction with a denominator of 32 to a decimal.

OutNumber represents the sum of InNumber and InFraction expressed as a decimal.

Examples

Two bonds are quoted as 101-25 and 102-31. Convert these prices to decimal.

InNumber  = [101; 102];
InFraction = [25; 31]

OutNumber = thirtytwo2dec(InNumber, InFraction)

OutNumber =

    101.7813
    102.9688

See Also

dec2thirtytwo

  

thirdwednesdaythirdwednesday tick2rettick2ret

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