No. PTO is WYSIWYG (I haven't used that in ages).

I haven't seen that since I last used Lotus back in like 1942 or 1943.

Yes, you can.  But that is not an option but a default.  And you cannot even choose to have them separated.

This is a case of what you see is not what you get.  The preview shows you that the letters will be separated but PTO will only print a combined letter (which, to many, is not ideal).

Funny, I just the other day I used the WYSIWYG in a different group talking about hiring someone to build your company webpage or doing it yourself....its alotta work to build your own even with the WYSIWYG editors available these days.