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It's not cut and dry like that. Inbound links will improve your rank. Outbound links to other domain take away from your internal linking structure, meaning less value is being passed along to pages within your own sites.
For example, if you have a PR5 page with 5 links, more value will be passed to each of those links. Put 500 links up and it will be spread so thin that almost no value will be passed to each page you link to.
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icq 279990726
www.mcdonalds.com <- great money making opportunity
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