Old Version With New Version Quicken

Can an older "retired" vesion of Qicken stay on the same computer with a new 2011 version of Quicken? If so can access to both be maintaned? Is the old data OPTIONALLY transferable to the new vesion OR is it either REQUIRED to be transferred, OR ALTERNATIVELY is it not possible to transfer the data. Additionally, IF the data is transferred from the old version to the new version, is access to it lost in the old version?

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