You can re-add this back to the context menu thru Tools/customize (tho apparently not easily as a submenu item):
In Tools/customize, Change “Category” to Format and change “Target” to Image.
You can then add the “Anchor to Page” to your context menu (tho not submenu for some odd reason).
Drag and Drop it into position.
You can then select right mouse Context menu to see it, tho it won’t be in the exact location it used to be in… it will be where you placed it using the tools/customize.
