MS Excel
When you want to insert a blank embedded excel object in a word document you can

Click the office links button on the standard toolbar
Click the object command on the insert menu
Click the import excel command on the file menu
Click the create worksheet button on the formatting toolbar

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MS Excel
You can set Page Border in Excel from

From Line style tool in Drawing toolbar
You can not set Page Border in Excel
From Border tab in Farmat cells dialog box
From Border tool in Formatting toolbar

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