5.5 and 5.3 on same server

#1
Is there a way to run PHP 5.5 or 5.4 alongside 5.3 and use 5.3 for one website and 5.5 for other sites (using Apache Virtual Hosts config)?

Asking because vBulletin isn’t compatible with 5.4 or 5.5, while I believe wordpress is and should help wordpress sites load faster.
 
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