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For instance, if you have a profit loss of -500, to get the absolute value, you would type: =ABS(-500) The function will return 500, disregarding the negative sign.

How an Absolute Auction Works. There are many different types of auctions. A sealed bid auction, for example, is an auction in which people submit secret bids, while in a Dutch auction, the ...

Example of an Absolute Rate . Suppose you are an investor who recently purchased a $1 million 10-year sovereign bond. The bond provides a fixed payment at a rate of 2.00% per year.