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Default max limit to characters in COUNTIF function?

I am using the formula =COUNTIF('Sheet 2'!$L$3:$L$325,AP8) to count the
number of times cell AP8 appears in the range. Cell AP8 contains text. It was
working just fine until I had to add a few sentences to cell AP8. Now I get
an error in the counting column.

Can the COUNTIF function not count occurances of cells with text that is too
long?
thanks
jen
 
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