thirtytwo2dec

Thirty-second quotation to decimal

Syntax

OutNumber =  thirtytwo2dec(InNumber, InFraction)

Arguments

InNumber

Scalar or vector of input numbers without fractional component.

InFraction

Scalar or vector of fractional portions of each element in InNumber.

Description

OutNumber = thirtytwo2dec(InNumber, InFraction) changes the price quotation for a bond or bond future from a fraction with a denominator of 32 to a decimal.

OutNumber represents the sum of InNumber and InFraction expressed as a decimal.

Examples

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Change the Price Quotation for a Bond or Bond Future From a Fraction

This example shows how to change the price quotation for a bond or bond future from a fraction with a denominator of 32 to a decimal, given two bonds that are quoted as 101-25 and 102-31.

InNumber  = [101; 102];
InFraction = [25; 31];

OutNumber = thirtytwo2dec(InNumber, InFraction)
OutNumber =

  101.7812
  102.9688

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