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Default Displaying a blank cell

I have this formula in my spreadsheet...

=IF('Prospect Questions'!B61=""," ","")

Obviously, if cell B61 on the Prospect Questions work sheet is blank, I want
this new cell to appear with a blank. Otherwise I want the contents of what's
in B61.

When I enter this formula, it is displaying the formula.

What am I doing wrong??? Is the formatting wrong??? Or just the formula??

HELP!