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RBuster
NoobMan and dc42 - Thank you so much!! This is precisely the information I need to answer my question. My education in stepper motors has just begun!
RBuster
I'm glad it helped. Just to be clear, by "steady state" in my post, I meant when the motor is not moving, just holding position. As Noobman pointed out, the electrical state is far from steady in this condition. But you don't need to concern yourself with this.