Quick monking question

If two monks cast Life Bond on the same target, does that target take 1/4 damage? What happens for each monk?

Only one will work at a time. The person who casts it later will overide the person who cast it the first time. All hexes and enchants override each other. You can't be hexed with life siphon twice for example. If a second person hexes you with it, it gets refreshed.

Thats what I thought too, but -
Hero monk puts LB on Hero ranger; then I do (with 1 point in prot). Monk enchantment is still there on monk, and the display on the ranger shows the damage stat for the monk (-25), not mine (-5). If I cancel my LB, nothing happens except I stop taking '0' damages... it almost looks like the damage reduction uses the best number, but the damage goes to the second caster.