Problem

Source: New Zealand NZMOC Camp Selection Problems 2013 p10

Tags: algebra, inequalities



Find the largest possible real number $C$ such that for all pairs $(x, y)$ of real numbers with $x \ne y$ and $xy = 2$, $$\frac{((x + y)^2- 6))(x-y)^2 + 8))}{(x-y)^2} \ge C.$$Also determine for which pairs $(x, y)$ equality holds.