The problem with that approach is that many fonts have a white space above & below most characters (capitals may only have a white space below) and any attempt to eliminate that space will result in the tops of the characters on the next line being cut off. In TNR, for example, that happens with a line spacing multiple of anything less than about 0.78; in Garamond, it happens with a line spacing multiple of anything less than about 0.75.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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