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There are two big problems with the argument we just outlined, but both of
them can be overcome, with the appropriate theorems.

Series
aren't exactly like finite sums, and the series
might not might not even converge, much less converge to the same value as the product
of E(z) and E(w).

We only looked at the first few terms of the product. We need to prove that as a
general rule, if we multiply together the terms of
E(z) with the terms
of
E(w) and group together all the terms with the same total order, then we
get the term of
E(z+w) of the same order.
The first problem will be overcome using
Proposition 7.7, and the second one will be
overcome in
Corollary 7.8, using the
Binomial Theorem.