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It will save it with the name you specify and as the default type of workbook for the version of Excel you have. You should give the file a name, but if you don't it will call it Book1 and then add the appropriate extension. For the more modern versions, which is Excel 2007 onwards, that would be .xlsx, but if you are using an older version than Excel 2007, then it would be .xls instead.

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