Question: Suppose we decided to represent floating point numbers using a fixed-point notation in which we use the first 9 bits as a twos complement whole

Suppose we decided to represent floating point numbers using a fixed-point notation in which we use the first 9 bits as a twos complement whole number and the next 23 bits as fractional bits (i.e., each position i from 1-23 represents an additional 1/(2^i) ). What is the highest value we can represent? Is this higher or lower than the IEEE 754 Floating Point convention?

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