Question: I would post my previous work for this, but I am honestly not sure how to even start. A Treasury bond with 5 years to

I would post my previous work for this, but I am honestly not sure how to even start.

A Treasury bond with 5 years to maturity is currently quoted at 107:15. The bond has a coupon rate 7.7 percent. What is the yield value of a 32nd for this bond? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Yield value (in basis points)

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