Within the framework of a two-band tight-binding model, we have performed calculations of giant magnetoresistance, exchange coupling and thermoelectric power (TEP) for a system consisting of three magnetic layers separated by two non-magnetic spacers with the first two magnetic layers strongly antiferromagnetically exchange-coupled. We have shown how does the GMR relate with the corresponding regions of magnetic structure phase diagrams and computed some relevant hysteresis loops, too. The GMR may take negative values for specific layers thicknesses, and the TEP reveals quite pronounced oscillations around a negative bias.
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