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Default Referenced cell shows ='EE-4201-Mp-11'!D3, not the value

Sometimes when I want to reference the value in a cell from another worksheet
I get this in the cell ='EE-4201-Mp-11'!D3. It is showing the worksheet and
the cell and not the value in that cell.

What is causing this. It does not do it all the time.
The format for the cell makes no difference.

I am sure this must be a simple toggle that needs to be set.

 
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