I have the following file:
abcde
kwakwa
<0x1A>
line3
linllll
Where <0x1A> represents a byte with the hex value of
Ned is of course correct.
If your curiosity runs a little deeper, the root cause is backwards compatibility taken to an extreme. Windows is compatible with DOS, which used Ctrl-Z as an optional end of file marker for text files. What you might not know is that DOS was compatible with CP/M, which was popular on small computers before the PC. CP/M's file system didn't keep track of file sizes down to the byte level, it only kept track by the number of floppy disk sectors. If your file wasn't an exact multiple of 128 bytes, you needed a way to mark the end of the text. This Wikipedia article implies that the selection of Ctrl-Z was based on an even older convention used by DEC.