Cut and paste works just fine. You might need to use the text select tool in your version of Acrobat Reader, since by default it tends to use the pointer tool for some reason, but it does work.
As for which blank address labels, the Avery 8160 (which the PDF is formatted to fit) is a pretty decent choice, I think
As for which blank address labels, the Avery 8160 (which the PDF is formatted to fit) is a pretty decent choice, I think
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