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Thanks, I could not see DCMax= 0.86 information in the datasheet and my practical tests did not comply. Now it makes sense. Thanks again.Input output difference > Output switch saturation voltage + current limiting resistor threshold, about 2 V total.
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Correction, according to a AN920D, ton/(ton+toff) can't exceed about 0.86, this would increase the minimal input voltage for 12 V output to about 16 V.