Microsoft KB Archive/185762

INV: Some Prices not Showing as Fractions

PSS ID Number: Q185762 Article last modified on 11-12-1998

WINDOWS:

WINDOWS

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The information in this article applies to:

 == MSN MoneyCentral == 

= SUMMARY =

When you check quote details in MSN Investor, you notice some prices are displayed using fractions and some are displayed using decimals.

= MORE INFORMATION =

Investor stock quotes are supplied by Standard & Poor’s ComStock, Inc. The quotes displayed on the Investor Web site appear exactly as they are received. Further, many decimal quotes are not easily converted to fractions; for instance, a 52-week low of $42.81 would not have a reasonable fractional equivalent, and therefore is maintained as a decimal.

There has been a recent movement on the stock exchanges to giving more precise price quotes. Hence, stock quotes were formerly given in eighths (1/8) as their smallest increments, today it is not uncommon to observe quotes in thirty-seconds (1/32) as their smallest increments. As consumers have demanded even more accuracy in their pricing, stock exchanges are changing from fractional to decimal quotes.

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========================================================= Keywords : mnyinvest Version : WINDOWS: Platform : WINDOWS Issue type : kbinfo ============================================================================= Copyright Microsoft Corporation 1998.