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please solve this question Exercise 4. Let (Xt)to be a Markov chain with finite state space . Given y E n, define Ly := max

please solve this question

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Exercise 4. Let (Xt)to be a Markov chain with finite state space . Given y E n, define Ly := max {n 2 0 : Xn = y} and My := min {n 2 0 : Xn = Xn+1 = Xn+2 = y}. Are Ly and My stopping times? Prove your assertions

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