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 Excel software. |
See Also
todecimal
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