Installing Office on two profiles

I have student edition of Office that has a total of three passkeys for 3 installs. I have already installed on my iMac and iBook. But I have 2 profiles set up on my iMac. Do I have to do a separate install to have Office X available to both profiles on the iMac, or can I:
a) Use the original install passkeys that I used on this iMac on the other profile?
b) Somehow access the installed software on the iMac without doing a fresh install?

Any number of accounts on the same Mac can use one installation. When each user first launches any of the Office apps, a set of preferences files and a few other first run items will be built in that account.

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    For cloud identity password strength requirements, see
    Change your password.
    To increase security, users must change their passwords when they first access Office 365 services. As a result, before users can access Office 365 services, they must sign into the Office 365 portal, where they are prompted to change their passwords.
    Admins can set the password expiration policy. For more information for Enterprise and Midsize subscriptions, see
    Set a user’s password expiration policy. For Small Business, see
    Change how often passwords expire.
    License management
    A subscription to Office 365 is made up of a number of licenses to a set of services. An administrator assigns a license to each user for each service that user needs access to. For more information about managing licenses, see
    Assign or remove a license in Office 365 Enterprise, or
    Assign or remove a license in Office 365 Small Business.
    Office 365 for Business FAQ
    http://office.microsoft.com/en-us/business/microsoft-office-365-for-business-faq-FX103030232.aspx
    Some general questions are answered
    Deployment guide for Microsoft Office 2013
    http://blogs.msdn.com/b/mssmallbiz/archive/2012/10/22/free-microsoft-ebook-deployment-guide-for-microsoft-office-2013.aspx
    Free Download, 147 pg
    Table of Contents
    Getting help
    Volume activation of Office 2013
    Plan volume activation of Office 2013
    Volume activation methods in Office 2013
    Deploy volume activation of Office 2013
    Use tools to configure client computers in Office 2013
    Customize installations of Office 2013
    Customize Setup before installing Office 2013
    Configure a silent installation of Office 2013
    Create custom configurations of Office 2013
    Office Customization Tool (OCT) in Office 2013
    Config.xml file in Office 2013
    Setup command-line options for Office 2013
    Setup properties in Office 2013
    Setup architecture overview for Office 2013
    Customize the Accessibility Checker for Office 2013
    Outlook 2013
    Planning overview for Outlook 2013
    Choose between Cached Exchange Mode and Online Mode for Outlook 2013
    Plan a Cached Exchange Mode deployment in Outlook 2013
    Plan feature customizations in Outlook 2013
    Choose security and protection settings for Outlook 2013
    Configure multiple Exchange accounts for Outlook 2013
    Configure Cached Exchange Mode in Outlook 2013
    Configure Outlook Anywhere in Outlook 2013
    Configure junk e-mail settings in Outlook 2013
    Roll out Office 2013
    Install Office 2013 from the local installation source
    Deploy Office 2013 from a network installation point
    Deploy Office 2013 by using Group Policy computer startup scripts
    Language in Office 2013
    Plan for multi-language deployment of Office 2013
    Customize language setup and settings for Office 2013
    Add or remove language packs after deployment of Office 2013
    Mixed language versions of Office 2013
    Companion proofing languages for Office 2013
    Language identifiers and OptionState Id values in Office 2013
    Security in Office 2013
    Security overview for Office 2013
    Authentication in Office 2013
    Plan for Information Rights Management in Office 2013
    Group Policy for Office 2013
    Planning for Group Policy in Office 2013

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