Can I install mono alongside .NET?

Can I install mono alongside .NET? I'm currently a .NET developer, and I want to test my applications with mono to make sure for cross-platform compatibility, but don't want to give up the offical .NET implementation. Can I install it side-by-side on my main development PC, or do I have to use a virtual Xp environment with no .NET?
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Guest [Entry]

"You can install Mono side-to-side with any .NET Framework version.

There is no interference between two of them."