Solution

ID: past-exam-of-the-mathematics-course-of-the-university-of-cambridge/2022/iii/paper-101/2/b/solution

Addition preserves the condition because
For multiplication, write . Given , choose so that for . If , every pair has or , so every summand lies in . Hence , proving that is a subring of the formal power series ring .
The -adic completion is
A compatible system of polynomials determines coefficients . For each , its reduction has finite degree, so all but finitely many lie in . This is exactly . Conversely, every such restricted series reduces modulo to a polynomial and hence defines a compatible system. Therefore

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