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Help with calculated field

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So, I have a doc library that will house in-process documents with due dates.  What I'd like to set up is a sort of warning system, that looks at a documents status (chosen from a drop down), due date, and current date.  For example, if today is 8/1/13, and my document is due on 8/2/13 and still has a status of "new", the calculated column should read "high risk".  Anyone have any ideas about how to go about that?

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