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Default code takes to long

Why does this code take about 4-5 minutes to excute? I does 4 replacements
for each cell.

Range("C16:BJ17").Select
Selection.Replace What:="ABC", Replacement:="XYZ", LookAt:= _
xlPart, SearchOrder:=xlByRows, MatchCase:=False,
SearchFormat:=False, _
ReplaceFormat:=False

 
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