Bond Price Conversion - Decimal Form

Jan 4, 2007

I have a list with prices of US Treasury bonds. They are quoted in a partcular way that I would like to convert to decimal form. They are quoted like this eg: 99-02. Now this means that the price is 99 and some decimal. The two first numbers are the number of 32:s. Thus in this case the price is 99 and 2/32. However if there are three decimals eg 99-021 the last digit refers to the number of 124:s. Thus the price is 99 and 2/32 and 1/256.

Sometimes There are only two decimals followed by a plus or minus sign eg 99-30+ or 99-10-. The plus/minus indicates that you should add/subtract 1/64. (This is the correct way, I know it seems strange but that is the way it is). Also number of digits before the line (in the example 99 might be one, two or three, eg it can look like this: 5-01, 99-021 or 100-21). Is there any way that I can convert these price quotes into decimal form using worksheet functions?

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I have received help on this topic in the past and I though I had solved the issue, however I realized recently that my formula will not work on any fractions larger than 1 inch. I am converting machine threads in fraction form to a decimal equivalent. here is an example of the what the entry looks like before it is converted.

ex,
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1-14 3A this one will not work with my current formula (should be 1.0000);

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To get a result of (located in cell A4):
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However, when I attempted to use the BIN2HEX conversion on A4, I get a "NUM!" error. Here is the formula that I was using in cell A5:
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--------------------------------------------------------------------------------

Ok i have a formula that i use to convert bond prices, which are in 32nds to numbers that excel can understand. I use the formula:

=LEFT(F7,FIND("-",F7)-1)+SUBSTITUTE(RIGHT(F7,LEN(F7)-FIND("-",F7)),"+","")/IF(RIGHT(RIGHT(F7,LEN(F7)-FIND("-",F7)),1)="+",64,32)

This allows me to type 101-16 in and excel recognizes this as 101.5

My problem is that my data I am copying into the sheet is often in 1/8ths. So the price will come in as 101-272, which means 101-27 and 2/8 (or 1/4).

I admittedly dont understand this formula and just use. Can someone help me tweak it to recognize the third digit?

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Feb 1, 2013

E.g. bond price is quoted in 32 so 101-16 will be 101.50

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Function BONDPX()

End of Function

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Currently...
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[url]

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