We present experimental data and a complete theoretical description of the magneto-optical contributions to the complex refractive index in the extreme ultraviolet (XUV) range covering the 3p resonances of Fe, Co, and Ni. The direct comparison of the two allows us to conclude that many-body corrections to the ground state and local field effects are crucial for an accurate description of M-edge spectra. Our results are relevant for investigation of static magnetization, via XUV spectroscopy of multielement systems, as well as the dynamics of magnetization, as needed in the study of femtomagnetism and spintronics.
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