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Assume for all transistors
(W/L) = 25/0.5, $\mu$nCox = 50 $\mu$A/$V_2$, VTH = 0.6 V, $\lambda$ = $\gamma$ = 0 and VDD = 3V.
From figure, we have,
Vx = Vy ……..(1)
The graph nature will be as shown below:-
To find the maximum value of IREF :-
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