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Default set formatting without using Conditional Formatting

I'm trying to set formatting with a function, and not with conditional
formatting.

=IF(A10,A1,B1)

What I want

=IF(A10,A1 [font on bold blue],B1 [font in black])

I realize that this could be done with Conditional Formatting, but the
actual function is significantly more complex.

Any solutions or "Can't be done" are welcome.
 
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