Can I use text as the 'value_if_error' argument in IFERROR?

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Grade: Education Subject: Support
Can I use text as the 'value_if_error' argument in IFERROR?
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Yes, you can. The 'value_if_error' argument can be text, a number, another formula, or even a cell reference. For example: `=IFERROR(A1/B1, "Error: Division by zero")` will display the text "Error: Division by zero" if B1 is zero.