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Find f(1987) - (IMO SL 1987-P1)

Source:

August 19, 2010
functionalgebrafunctional equationIMO Shortlist

Problem Statement

Let f be a function that satisfies the following conditions:
(i)(i) If x>yx > y and f(y)yvf(x)xf(y) - y \geq v \geq f(x) - x, then f(z)=v+zf(z) = v + z, for some number zz between xx and yy. (ii)(ii) The equation f(x)=0f(x) = 0 has at least one solution, and among the solutions of this equation, there is one that is not smaller than all the other solutions; (iii)(iii) f(0)=1f(0) = 1. (iv)(iv) f(1987)1988f(1987) \leq 1988. (v)(v) f(x)f(y)=f(xf(y)+yf(x)xy)f(x)f(y) = f(xf(y) + yf(x) - xy).
Find f(1987)f(1987).
Proposed by Australia.