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Shared Excel sheet maximum users

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I am trying to share a fairly complex workbook. I have the formulas protected and all of the subsequent tables flow into a summary table on the very first tab. For this reason, I do not want/can not use the Excel Web App. I have sharing turned on and am successfully getting the [Shared] logo when the page is opened.

There is just one small problem. Sharing is limited to two users. I need the workbook to be accessible for up to 10 people at a time. Is that not possible by simply sharing the workbook on a local drive?

Please help me with how to solve this problem!


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