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Jacob Skaria Jacob Skaria is offline
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Default Treasury Bond Pricing conversion

Just a hint to go forward

Suppose A1 = 111-222

The below formula will give you the numbers before the hyphen no matter what
the length is
=VALUE(LEFT(A1,FIND("-",A1)-1))

And the below formula will give you the numbers after the hyphen to a
maximum of 10..which is more than enough

=VALUE(MID(A1,FIND("-",A1)+1,10))

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---------------
Jacob Skaria


"pakeez" wrote:


As you may know that T-Bonds price format is xxx-xxx (e.g 110-16 which
is equivalent to 110 16/32 or 99-245 which is equivalent to 99
24.5/32)

Now I need to do some calaculaltions while trading Bonds and I want to
do in excel 03.

I was given a hint that I need to convert the above price format first
in decimal value and then format the result in xxx-xxx.

e.g 110-16 is in cell A1 then formula for converting to decimal would
be:
=Left(A1,3)+Right(A1,3)/320

Since I have been out of touch with excel for long time I am having
hard time how to format back in xxx-xxx.

So I am giving an example below to do calculations to do price
difference:

say cell A1 has value of 110-160
say cell B1 has value of 99-245

The answer is 10-235.

Now how can I get this calculations done in excel. Detail formulas
would be appreciated.

Thank YOu


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pakeez
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