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Default DISPLAYING RESULTS OF A FORMULA

If for example I put a formaul such as =5/3 into a cell, I know I can format
the cell to display just 1.67. But if I copy and paste the value into a cell
that is formatted to display only 2 decimals, the cell will display 1.67, but
the formula bar displays 1.666666666667. Is there a way, to have the formula
bar display only 1.67 also?
 
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