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You are asking for an exact answer without providing a specification, that can't work.If we have a very large voltage source and a small resistance, why wouldn't the voltage be higher?
Your equivalency is not correct because the 0.6 volts only appears when the diode is forward biased, and the Zener voltage only appears when the diode is reversed biased beyond the Zener voltage. At other voltages the Zener diode appears essentially like an open circuit.Can't the forward voltage of the diodes be illustrated as a ideal diode in series with a voltage source with V=0.6?
I.e. like this:
View attachment 97299
Why is this not correct?
1)It acts as a short circuit when the applied voltage is greater than 0.6 V but the diode always act as circuit element like resistor with the only difference being that it always drops a constant voltage of 0.6 V.It is open circuit if it is a normal diode,but this is a zener diode so the the diode conducts in the reverse direction only when reverse voltage applied is greater than 3.4 V in the reverse direction.When the voltage is above 0.6 V, it's like a short circuit in the forward direction but an open circuit in the backwards direction.