share prices and rounding errors, cannot reconcile extra pennies

Fred Bone Fred.Bone at dial.pipex.com
Sun Feb 23 08:02:00 EST 2014


On 22 February 2014 at 16:27, Jeff Earickson said:

> Hi,
> 
> I am in the process of converting from Quicken 2007 to Gnucash 2.61.  I
> was hoping that Gnucash would not have the rounding errors for share
> prices that have always vexed me in Quicken, but no luck.
> 
> The brokerage statement says:
> 
> Buy 1377.41 shares of XYZ at $10.89/share = $15,000.00
> 
> Both Quicken and Gnucash compute it at:
> 
> 1377.41 x 10.89 = $14,999.99  (one penny off, arrrgh...)

This is correct, after rounding. The exact result is 14999.9949.

Either your broker is overcharging you, or the price is actually slightly 
over 10.89. I suspect the latter.



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