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Textbook and student services provider Chegg will later this year launch a test preparation service, CEO Dan Rosensweig announced during the company's quarterly earnings call Monday afternoon. The paid service will initially cover the ACT and SAT tests, and will be made available to high school students later this year. A Chegg spokesperson said the services will later expand to cover more standardized tests and students. Details on the cost of the service were not announced on Monday.