# Documentation

### This is machine translation

Translated by
Mouseover text to see original. Click the button below to return to the English version of the page.

# 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 Excel® software.