The embedded images are in PICT format, and TrueType versions of the three fonts used (Courier, Helvetica, and Palatino) have shipped with all versions of the Mac OS since System 7 in 1991.
And while Word 4.0 shipped in 1989, so did Adobe Type Manager[2], which supported Type 1 fonts onscreen and on non-PostScript printers, though to get a Type 1 version of Palatino for ATM at that time you'd have also needed the Adobe Plus Pack[3] (or possibly acquiring Palatino by other means; I don't recall when Adobe started selling individual fonts and the Font Folio).
[1] https://archive.org/details/postscriptlangua00adobrich
[2] https://www.nytimes.com/1989/12/19/science/personal-computer...