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In order to have the file open in more than one location at a time, it has to be a shared file. Otherwise you get the error that you cannot open. Look up Share Workbook in Excel help for the steps to do this in your version of Excel.
One thing to keep in mind, while the workbook is shared, major edits to Macros, VB, and other items are not able to be done. You would have to un-share the workbook, make the major changes then share again.

Good Luck.
 
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