Challenge 2: Tracing a Mixed Reference Through a Copy — Solution Walkthrough Original formula in C5: =$A5*B$2 Copied to D6, the formula becomes: =$A6*C$2 Explanation, part by part: $A5 (column locked, row relative): The copy moves 1 column right (C -> D) and 1 row down (5 -> 6). Because the column is locked with $, it stays "A" regardless of the move. The row is NOT locked, so it shifts along with the copy: 5 becomes 6. Result: $A6. B$2 (row locked, column relative): The row is locked with $, so it stays "2" no matter where the formula is copied to. The column is NOT locked, so it shifts along with the copy: the formula moved 1 column right (C -> D), so B also moves 1 column right, becoming C. Result: C$2. Putting both pieces back together gives the new formula in D6: =$A6*C$2 Notes: - The general rule this exercise demonstrates: a $ freezes ONLY the single letter or number directly after it — everything else in that reference still moves normally with the copy, exactly the same shift amount (in rows and columns) that the whole formula itself moved by. - This is the identical mechanism behind the multiplication-table formula in this chapter's own Mixed References section and in Exercise 3 — one reference locked by column, the other locked by row, so the formula behaves correctly in both fill directions.