Inequalities for rank-two permanents and finite free convolutions

Bang (1976) proved the inequality for matrix permanents $\mathrm{per}^2(A) \geq 2^{-2n}\mathrm{per}(A \otimes J_2)$, where $J_2$ is the $2 \times 2$ all-ones matrix and $A$ is any $n \times n$ matrix with non-negative entries. We show that, if $A$ is any $n \times n$ real-valued matrix with rank a