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Default Excel 2003 vs 2007

I have a class that will be utilizing Excel 2007 in the spring, but my office
still uses Excel 2003. They have provided me with a copy of Office Std. 2007
so I can download Excel 2007, but I am unsure if I can operate both programs
on the same system. ie. 2003 for work & 2007 for class. Any input would be
appreciated.
 
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