I don't think there's a way of doing this using normal formulas. You can however use two very simple UDFs (User Defined Functions). Try these two. You need to open the Visual Basic Editor (Alt F11), then choose Insert, Module. Then paste the code from below:-
Code:
Function LeftFormula(CellRef As Range, Num_Chars)
LeftFormula = Left$(CellRef.Formula, Num_Chars)
End Function
Function RightFormula(CellRef As Range, Num_Chars)
RightFormula = Right$(CellRef.Formula, Num_Chars)
End Function
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