Lowerourtuition-It is clearly a cholam. Take a look a this week’s parsha perek 24 pasuk 11. Look at the word “Oyvai” which has a cholam and also a yud. If all cholams were pronounced as “oy” there would be no need for the yud. According to the yeshivishe/chasidishe way of pronouncing things that would mean there is an extra letter in the Torah.
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