Hyperlinks in Word 2007 are showing up in brackets instead of blue underlined text, but not in print-preview mode

In Microsoft Office Word 2007, my hyperlinks are showing up strangely. When select text and hit CTRL K or the Add a Hyperlink button and then input a Web address into the correct line, a link appears, but not the way I want it to. The text I had highlighted is deleted and replaced by the Web address, surrounded by brackets {}. However, when I look at a print preview, it looks normal and I see that the highlighted text was not deleted, but it is blue and has the underline of a hyperlink, like I wanted it to have. I tried emailing the document to another person and it looks fine in his Word 2007 version. I also found that when I open documents I had added links to before, they have this same problem. All of their links look wrong, though they are correct when I look at a print preview. I want to be able to see the hyperlinks normally instead of in their bracket form, which looks like this:
{HYPERLINK "http://www.bing.com/"}

How do I get Windows 2007 to go back to normal in terms of displaying hyperlinks?