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In the "Insert Hyperlink" menu, the functionalities typically available when creating a new document are:
- **Address**: This specifies the path or URL to the new document you want to create.
- **Text to display**: This allows you to choose how the hyperlink will appear as text in the document.
**When to edit** and **Subject** are not standard options found in the "Create New Document" section of the Insert Hyperlink dialog.
Therefore, the correct functionalities available in the Create New Document option are **Address** and **Text to display**.