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Default formula or code to extract hyperlink from displayed text

Huge Excel files (& files) with 'text dislayed' (long descriptions) as
hyperlink that need to be converted to URL (http://etc) hyperlink in order to
save/use in various apps & dbs.
How can I/we convert or extract the URL in in the cell without using the
"Edit Hyperlink" tool one-cell-at-a-time to cut, paste?
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CT3or4
 
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