
Dead links after a paste are mechanical. Someone copied values over formulas, cut a named range, or dropped a block into a sheet that still pointed at the old grid. Excel announces the failure with #REF!. Reviewers announce it with a question you do not want at 12:10.
The trap is partial repair. Clearing one #REF! while leaving three cousins makes the tab look healthier than it is. Count first. Repair second. Sign third.
A paste left #REF! on the comps tab. Count the dead links before you rebuild the peer set.
Restore structure before cosmetics. Get the grid dimensions right. Restore formulas that fetch peers. Only then format. If you format first, you will paste again and recreate the same #REF! cluster under prettier headers.
It names the row and describes the break. It does not invent replacement comps. Market data stays on your firm's own feed. A person still signs off. Dead links are easy to see and easy to leave half-fixed. Finish the count.
Zero #REF! on the comps tab, or the file does not go upstairs. That is the whole standard.



