Assuming two answers are equally good can the mods somehow divide the bounty points among those answers. I don't wish to be unfair to the other equally good answer.
No, you can't divide a bounty - you must award it to one post.
Bounties are described in full here:
There's no way to split bounties. Answering a question with a bounty is a bit of a crap shoot. Sometimes an answer will win the bounty because nobody else tried. And sometimes several people will answer and the person offering the bounty has a tough choice. You could argue that the gambling instinct played a large role in attracting those answers.
Now if you really like both answers, you could offer a second bounty (which will be larger) to reward the second answer after you've awarded the first. Of course, that will also cost more reputation, which you might not be willing to spend. Or, if you asked the question, you could award the bounty to one and accept the other.
But if you got one good answer (much less several) you've come out ahead, the site has more great content, and the bounty system worked as designed.