1. A method for implementing a power of two floating point estimation function comprising the steps of: storing a floating point number within a memory; said floating point number including a sign bit, a plurality of exponent bits, and a mantissa having an implied bit and a plurality of fraction bits; in response to a floating-point instruction: partitioning said mantissa into an integer part and a fraction part, based on said exponent bits; and yielding a floating-point result by assigning said integer part of said floating point number as an unbiased exponent of said floating-point result, and by utilizing combinational logic hardware for converting said fraction part of said floating point number to a fraction part of said floating point result; and storing said floating-point result in said memory.