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\begin{align}
&\mbox{Note that}\quad
\pars{\begin{array}{cc}
\ds{t} & \ds{1 - t}
\\
\ds{1 - t} & \ds{t}
\end{array}}^{n} =
t^{n}\pars{\begin{array}{cc}
\ds{1} & \ds{\Lambda}
\\
\ds{\Lambda} & \ds{1}
\end{array}}^{n} =
t^{n}\pars{\sigma_{0} + \Lambda\sigma_{x}}^{n}
\label{1}\tag{1}
\\[2mm]
&\mbox{where}\quad\Lambda \equiv {1 - t \over t}\label{2}\tag{2}
\end{align}
$\ds{\sigma_{0}}$ is the $\ds{2 \times 2\ identity\ matrix}$ and $\ds{\sigma_{x}}$ is a Pauli Matrix.
\begin{equation}
\bbx{\ds{\mbox{Note that}\quad \sigma_{x}^{2} = \sigma_{0}}}
\label{3}\tag{3}
\end{equation}
\begin{align}
\pars{\begin{array}{cc}
\ds{t} & \ds{1 - t}
\\
\ds{1 - t} & \ds{t}
\end{array}}^{n} & =
t^{n}\,n!\bracks{z^{n}}\exp\pars{\bracks{\sigma_{0} + \Lambda\sigma_{x}}z} =
t^{n}\,n!\bracks{z^{n}}\bracks{\exp\pars{z\sigma_{0}}\exp\pars{\Lambda z\sigma_{x}}}
\\[5mm] & =
t^{n}\,n!\bracks{z^{n}}\braces{\exp\pars{z\sigma_{0}}
\bracks{\cosh\pars{\Lambda z}\sigma_{0} + \sinh\pars{\Lambda z}\sigma_{x}}}
\qquad\pars{~\mbox{see}\ \eqref{3}~}
\\[5mm] & =
t^{n}\,n!\bracks{z^{n}}\bracks{%
{\exp\pars{\bracks{1 + \Lambda}z} \over 2}\,\pars{\sigma_{0} + \sigma_{x}} +
{\exp\pars{\bracks{1 - \Lambda}z} \over 2}\,\pars{\sigma_{0} - \sigma_{x}}}
\\[5mm] & =
{1 \over 2}\,t^{n}\bracks{%
\pars{1 + \Lambda}^{n}
\pars{\begin{array}{cc}\ds{1} & \ds{1} \\ \ds{1} & \ds{1}\end{array}} +
\pars{1 - \Lambda}^{n}\pars{\begin{array}{rr}\ds{1} & \ds{-1} \\ \ds{-1} & \ds{1}\end{array}}}
\\[5mm] & =
{1 \over 2}\,\bracks{%
\pars{\begin{array}{cc}\ds{1} & \ds{1} \\ \ds{1} & \ds{1}\end{array}} +
\pars{2t - 1}^{n}\pars{\begin{array}{rr}\ds{1} & \ds{-1} \\ \ds{-1} & \ds{1}\end{array}}}\qquad\pars{~\mbox{see}\ \eqref{2}~}
\\[5mm] & =
\bbx{\ds{{1 \over 2}
\pars{\begin{array}{cc}
\ds{1 + \bracks{2t - 1}^{n}} & \ds{1 - \bracks{2t - 1}^{n}}
\\[2mm]
\ds{1 - \bracks{2t - 1}^{n}} & \ds{1 + \bracks{2t - 1}^{n}}
\end{array}}}}
\end{align}