DOLLARFR

The DOLLARFR function in Google Sheets is a powerful tool for converting a price quotation given as a decimal value into a decimal fraction. It is commonly used in financial analysis and calculations. In this comprehensive guide, we will explore the syntax, parameters, and step-by-step usage of the DOLLARFR function.

Function Syntax and Parameters

Syntax: DOLLARFR(decimal_price, unit)

Parameters:

• decimal_price: The decimal price quotation to convert to a decimal fraction.
• unit: The unit or fraction denominator to use. This can be any positive integer.

Step-by-Step Tutorial

1. Using DOLLARFR with a decimal price and unit:
   • Example: =DOLLARFR(2.75, 8)
   • Result: 2.375

Use Cases and Scenarios

1. Financial Analysis: Convert a decimal price into a decimal fraction for accurate calculations.
2. Investment Evaluation: Determine the fractional price of a security or investment.
3. Currency Conversion: Convert decimal exchange rates into appropriate decimal fractions.

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