Some exact distributions of the number of one-sided deviations and the time of the last such deviation in the simple random walk

For every positive integer n, let S_n be the n-th partial sum of a sequence of independent and identically distributed random variables, each assuming the values +1 and −1 with respective probabilities p (0<p<1)) and q (= 1 −p) and having mean μ = p − q. For a fixed positive real number λ, let N⁺N1] be the total number of values of n for which S_n > (μ + λ)n S_n⩾(μ + λ)n] and let L⁺L1] be the supremum of the values of n for which S_n > (μ + λ)n S_n⩾(μ + λ)n], where sup Oslash; = 0. Explicit expressions for the exact distributions of N⁺, N1, L⁺ and L1 are given when μ + λ = ±k/(k + 2) for any nonnegative integer k.