Photoshop only gives you bold and italics options when the typeface includes these styles. If you want to simulate bold and italic formatting styles when these options are not available, you still can, but the option is somewhat hidden. If your character palette is not showing, click the button on the type tool options bar to show it. With the text selected, click the arrow in the upper right hand corner of the palette menu. There you’ll find Faux Bold and Faux Italics.
Warning: You cannot warp type when Faux Bold formatting has been applied.
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