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Default Worsheet Name Change Based on cell's value

Hello
I want to automatically change the name of a worksheet based on th
value of cell K5 when the value of cell K5 changes. I currently hav
cell K5 refering to the value of a cell in another Worksheet. Is ther
a way to automatically rename a sheet based on the formula result of
cell within that worksheet?

Thank you
Edwar

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