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Published online by Cambridge University Press: 01 February 2011
We calculate from first principles the I-V characteristics of Fe/MgO/Fe(100) tunnel junctions. In particular we compare the zero-bias transmission with self-consistent calculations at finite bias. In the case the magnetizations of the two Fe layers are parallel to each other, at small bias there is a significant contribution to the transmission coming from the minority spin channel. This is due to a sharp resonance in the transmission coefficient close to the Fermi level, originating from a surface state. As a bias exceeding 25 mV is applied, the surface states get out of resonance and the current through the minority spin channel saturates, so that the current flows mainly through the majority channel. The same effect is not present for the antiparallel alignment of the magnetization with the net result of large TMR at low bias, which then saturates for a bias larger than 25 mV.