Hyperlinks in Word 2010 show ugly code instead of normal underline text link

All I had to do was hit Alt+F9.

If you want to fix this hyperlink problem in Microsoft Word 2007 or 2010 you’ll need to take the following steps:

Click on the Office button
Select Word options
Select Advanced.
Scroll down and in the section “show document content” you need to uncheck “show field codes instead of their values”.
Click OK

Your hyperlink problem is solved.

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