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Let $A$ be a (symmetric) positive definite matrix and $\hat{n}$ be an arbitrary unit vector. Consider $b,c,d,k$ arbitrary positive integers. I would like to know if the following matrix has real eigenvalues (I would like the more general answer, for more than product of four matrices but even for three I don't know).

$$(I - \hat{n}\hat{n}^T)\cdot A^b\cdot(I - \hat{n}\hat{n}^T)\cdot A^c\cdot (I - \hat{n}\hat{n}^T)\cdot A^d\cdot (I-\hat{n}\hat{n}^T)\cdot A^k\cdot (I-\hat{n}\hat{n}^T).$$

I would like to note that I have asked the same question at mathstackexchange.

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    $\begingroup$ It is easy to test 10.000 randomly-generated 20x20 cases, and see if they all have real eigenvalues. Have you tried it? This would give you at least a conjecture. $\endgroup$ Commented May 25, 2020 at 9:58

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