Decimal to fractional conversion
quote = toquoted(usddec,fracpart)
quote = toquoted(usddec,fracpart) returns
the fractional equivalent,
quote, of the decimal
usddec, based on the fractional base (denominator),
The fractional bases are the ones used for quoting equity prices in
the United States (denominator 2, 4, 8, 16, or 32). If
not entered, the denominator 32 is assumed.
A United States equity price in decimal form is 101.625. To convert this to fractional form in eighths of a dollar:
quote = toquoted(101.625, 8)
quote = 101.05
The answer is interpreted as 101 5/8.
The convention of using
. (period) as a substitute
: (colon) in the output is adopted from Excel® software.