OK, I figured it out myself 🙂
<?php
$fruit_array = array();
$field = get_field_object('select_fruit');
foreach ($field['value'] as $value)
{
$fruit_array[$value]=$field['choices'][ $value ];
}
$cnt=0;
foreach ($fruit_array as $fruit_key=>$fruit_value)
{
echo '<a href="'.$fruit_key.'" />'.strtoupper($fruit_value).'</a>'.($cnt == count($fruit_array) - 1 ? '' : ', ');
$cnt++;
}
?>