What is the exact value
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You changed the mixed numeral into a fraction correctly.
Now you need to multiply the fractions.
Multiply the numerators together, and multiply the denominators together.
Now we could multiply out the numerator and denominator, and then we'd need to reduce the fraction, but before we multiply, we see there is a factor of 5 both in the numerator and in the denominator, so we can reduce before we multiply.