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Advantages of a paper punch include its simplicity and effectiveness in creating clean holes for organizing documents, making it easy to bind sheets together or insert them into binders. They are generally affordable and require no electricity, making them portable and easy to use anywhere. However, disadvantages include the limitation of hole size and spacing, which may not suit all binding needs, and the potential for jamming or wearing out with heavy use. Additionally, repetitive use can lead to hand fatigue.

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