I have a question on the proof of $\lim (1/y_n)=1/y$ under $\lim y_n=y$;
$|y_n-y| < \epsilon |M|/|y|$
$y_n$ is convergent so that it's bounded by some number $|M|$;
$|1/y_n-1/y|=\frac{|y_n-y|}{|y_n||y|}<\epsilon$
for some natural number.
Where is the wrong this proof?
I got a idea on the proof of $\lim(x_n y_n)=xy$.
It doesn't help that $|y_n|<M$ for all $n$. You need that $|y_n|>c$ for some $c>0$ and almost all $n$. You get this from $|y|\ne 0$ (a condition that is missing from the problem statement!)