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Where is IPM 2.6 data backed up during the inline upgrade to IPM 4.2?

Data inline IPM upgrade
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Where is IPM 2.6 data backed up during the inline upgrade to IPM 4.2?

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A. During inline upgrade from IPM 2.6 to IPM 4.2, you are prompted to specify a backup folder. If you specify d:/backup or /opt/backup as the backup folder location, then the IPM 2.

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