How will the following code be displayed in a browser? <p>Please <a href="subscribe.php">subscribe</a> to our <strong>fun <mark>Monthly Newsletter!</mark></strong></p>

The code provided is an HTML snippet that structures a paragraph containing various text elements. The use of the <p> tag designates that the content is a paragraph. Inside this paragraph, there are several components that influence how the text is displayed in a browser.

The <a> tag creates a hyperlink, allowing users to click on the word "subscribe," which will redirect them to "subscribe.php." This means there is an interactive element in the paragraph that users can engage with.

The <strong> tag indicates that the text within it, "fun Monthly Newsletter!", is emphasized, typically displaying this text in a bold font style, making it stand out within the paragraph. Additionally, the <mark> tag is used to highlight the text "Monthly Newsletter!" which often results in this text being rendered with a yellow background or other distinct styling, further emphasizing its importance.

Thus, when viewed in a browser, the complete output will be a paragraph of text featuring a clickable link combined with bold formatting and highlighted text, making the correct interpretation of the code as a paragraph with a clickable link and bold text.