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Default Run Macro at specified time

Hi

I want to run a macro at specified time suppose 2.30 pm.

I have two clarrification(featues) regarding this : (1) Can this timed macro
run even if the workbook is closed (2) Workbook is placed in share drive.

If someone can help me with the macro having both the features then I would
really apprecite his efforts.

Thanks, SS

 
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