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I made a tutorial many years ago which demonstrates some of the features in the Loop Tools panel of 3dsmax. PhantomDesign illustrates the answer to your question in his image, but I also cover other features of the Loop Tools if you may be wondering what they can do. There's no narration, this is quite an older vid.
https://www.youtube.com/watch?v=WrMQfx9k-64
cheers i will check it out
