Create a hyperlink within an Excel cell?

Question

Is it possible to create a hyperlink within an Excel cell which only uses a section of the cell text for the clickable link? I.E. would the below table mockup represent som

Answer 1

This isn't possible in Excel. Hyperlinks are associated with entire cells.

If you look at the documentation for the Excel hyperlink object, you can see that it's associated with a Range. If it were possible to associate hyperlinks with a span within the cell, the Hyperlink object would need to have an associated Range and Characters object.