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Originally Posted by BluRay
Alt+F9 helps me to toggle between the two displays-- one shows the fields, other shows the codes. Right?
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Nearly - you're simply toggling between two representations of the fields: one shows the field value; the other shows the field code. For a mergefield, you can see the value from the data source by previewing the results.
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And when asked to print the document showing the field codes, all the placeholders will be shown in { MERGEFIELD Company } sort of way. Right?
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Not unless you print the document with the 'Print field codes instead of their values' option checked. Without that, the printout will show «Company».