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Question about AS timer at end of auction...

I have noticed that, when watching the countdown to the end of an auction, the timer seems to get to around 7 seconds and then says "auction has ended". My concern is: if I place a snipe set at 5 seconds, will it still go through? Thanks

***Also, I just read about AS "snipe it now" button...how do I place it on my tool bar? Sorry if I sound stupid...this digital world is passing me by!
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