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The object is "vertical-align:middle":
This is some text.
This is some text.
The object is "vertical-align:top":
This is some text.
This is some text.
The object is "vertical-align:bottom":
This is some text.
This is some text.
The object floats to the right:
This is some text.
This is some text.
The object floats to the left:
This is some text.
This is some text.
Result: