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There will be a 301 or 302 redirect in between, or more than one, which do pass "link juice" but maybe not 100%. I've read that redirects don't always pass 100% of PR, and I know that when I removed a redirect from some links between my own sites they immediately gained traffic in Google temporarily until it worked out what was going on. So the answer is as far as I know, yes they do but not as much as a direct link.
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