“Will this version run on the new 2021 MacBook Pro with the M1 Pro processor chip? Will this version run without a MS 365 subscription?”
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First question: "Intel or Apple Silicon (As supported by the three most recent versions of macOS.)" ref: https://www.microsoft.com/en-us/microsoft-365/microsoft-365-and-office-resources?rtc=2#coreui-heading-j4d3wac For the second question, one does not need an Office 365 subscription to use Office 2021.
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