Issue Summary

When we have children display the macro on the parent page we are seeing differences between the preview of the macro and the macro in the view mode.

This is reproducible on Data Center: yes

Steps to Reproduce

1. Create a parent page with children display macro(select excerpt type as "rich content")
2. Create a couple of child pages
3. Check the parent page in view mode and check it by editing the file and going to the preview mode of the macro

You may use the attached storage formats for reproduction

Expected Results

We are expecting to see the same with preview mode:

Actual Results

We are not able to see links and also it's showing paragraphs as well:

Workaround

Currently, there is no known workaround for this behavior. A workaround will be added here when available