View Single Post
  #5   Report Post  
Posted to microsoft.public.excel.worksheet.functions
Novice Novice is offline
external usenet poster
 
Posts: 52
Default convert bond price to decimal including +

Fred - you responded to this question with the following back in 2006. it
works for numbers that do not include a + which is 1/2 a 32nd

so 103-16 becomes 103.5

but 103-16+ does not work. this is a typical bond price quote and is = 103
& 16.5/32nds

I'm looking for a formula that captures this exception. any suggestions?


The formula would be quite simple:

=left(a1,2)+right(a1,2)/32

However, I suspect you also have prices over 100, so sometimes you would
have 3
characters to the left of the '-'. If so:

=left(a1,find("-",a1)-1)+right(a1,2)/32
"Fred Smith" wrote:

There is no format which will display your examples as you want, because you
have text, not numbers.

If you have decimal numbers for your bonds (eg, 79.75) you can get it
displayed as 32nds with:

# ??/32

You will need an If formula to display what you want.

Regards,
Fred

"novice" wrote in message
...
looking for formula to convert bond price to 32nds

columns have for example

79-10 which is 79 + 10/32
103-12 which is 103 + 12/32

79-10+ which is 79 + 10.5/32
103-12+ which is 103 + 12.5/32

saw a post on here about converting 32nds but not +'s