\inmframed (and by extension \definemathframed[...][location=low,...]) does not get the right vertical space. For example,

\starttext
\startformula
  \ln (1+x) = \inmframed{x - {\frac {x^2}{2}}} + \frac{x^3}{3}-\cdots.
\stopformula
\stoptext

Note that the two fractions do not align at the horizontal bar.

Is it possible for all expressions to be aligned at the math axis? Aditya
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