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Default Does a format in Excel change when another user opens the file?

I have a formatted cell in Excel ($ 600.66) which appears as 600 2/3 when
another user opens the file on their PC. The same version of Excel is used
on both computers. The spreadsheet is locked to prevent users from changing
the formats. Is there a way to resolve the problem and so that number is
formatted consistently no matter who the user is?
 
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