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How can I make a fixed width autosizing label?

Last Modified: 2013-11-26
I want to make a label that will wrap text and expand down but where I can give it a fixed width... the only way I've come up with to do this so far is to use a txtbox with this code:

    Private Sub Test_ResizeEnd(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles MyBase.ResizeEnd
        txtPrompt.Height = 13 * System.Math.Truncate(txtPrompt.PreferredSize.Width / txtPrompt.Width) + txtPrompt.PreferredSize.Height
    End Sub

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This works 99% but depending on the length of words it rarely will find a combination where the height is calculated wrong.
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