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Default circular reference when using a UDF

Hi all
I have a UDF that seems to be creating a circual reference, however the code
seems fine. In addition the cell returns the correct value when I turn
iterations on. However, I would like to resolve this problem without turning
iterations on.
The code is being called from about 600 cells.

Has anyone come across similar behaviour? Can anyone help?

Regards
Saira


 
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