deadsea - 8:16 pm on Nov 21, 2012 (gmt 0)
In the case of duplicate links, only one passes PR and anchor text. I believe that it is the one that comes first in the source code. (Caveat, I haven't tested this for three years, its likely to change at some point if it hasn't already).
At the time that I tested it, you could add a hash tag to one of the links to get them to both pass PR and anchor text. Eg, link to both:
We originally made the mistake of using rel=nofollow on the link that we didn't want Google to pay attention to. This turned out to be a BAD idea. When googlebot finds duplicate links, one with a nofollow and one without, it treats both as if they had nofollow.
Of course these days, Google seems to be cracking down on using keyword rich anchor text internally. It may not help you to get the link with the better anchor text to "count" these days (and it could hurt you).