I just bought and installed Adobe Acrobat XI Pro thinking I would
be able to now convert PDF files to Word files - but no -
when I click on the icon to do this - it wants me to spend
more $$ for this feature - is this correct?
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If you have bought Adobe Acrobat then you will have the Save As Other > Microsoft Word menu item, and there's no charge to use it.
If you are still opening your files in Adobe Reader, then it will be trying to sell you a subscription to the ExportPDF online service. You don't need that if you have Acrobat installed.