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My doubt is related to how PR is influenced by external links. Here is an example:
1. Suppose you are exchanging links with Somesite.com.
2. Somesite.com has a PR = 7.
3. Somesite.com will place Mysite.com in a page located at Somesite.com/somedirectory/links.html that has PR = 4.
My question is: Which of the PRs of Somesite.com will Google consider for my PR calculation? PR 7 (homepage) or PR 4 (second level page where the link is located)?