Bond Price Conversion Formula

To convert a bond price with a + to a decimal, use the formula:

For example, if you have a bond price of 79-10+, you would use the formula:

This would give you a decimal bond price of 79.328125.

To convert a bond price without a + to a decimal, use the same formula but with a whole number and a fraction that is not a half. For example, if you have a bond price of 103-12, you would use the formula:

This would give you a decimal bond price of 103.375.

1. Use the formula
   Formula:

   =Whole Number + (Fraction/32) 

   to convert bond prices to decimals.
2. For bond prices with a +, use the fraction as a decimal and add it to the whole number.
3. For bond prices without a +, use the fraction as a decimal and add it to the whole number.