How to Replace Substring in ActionScript - Code Snippet

How to perform 'Replace Substring' in ActionScript.

example.as
// Task: Replace Substring
// Language: ActionScript

function replace_substring() {
    // Implementation for Replace Substring
    var result = ...; // Initialize variable
    // TODO: Implement core logic here
    // Step 1: Prepare data
    // Step 2: Process Replace Substring
    trace("Done");
}
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