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This is a souped-up version of the freshman's dream: as Jon Borwein pointed out to me: if $a_n=(-1)^n/(2n+1)$, then $$\left(\sum_{n=-\infty}^{\infty}a_n\right)^2=\sum_{n=-\infty}^{\infty}a_n^2$$ as they are both $\pi^2/4$.