How do I set the image area of a page to a specific size in Word 2007

In relation to a forthcoming publication,  I have been asked  by the publisher to do the following:

'Amend the image area to 7½ x 4½, i.e. From the running head to the last line on each page should measure 7½ inches vertically. And from the first letter on the left to the last letter on the right on each page should measure 4½  horizontally.'

(The 'running head' is a title in the header).

To what values should the margins be set in Word 2007 to achieve this?  I know how to access the Margins  (Custom Margins) window, but am unsure at which values I should insert for Left side, Right Side, Top and Gutter.
Michael MurphyAsked:
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GrahamSkanRetiredCommented:
At first sight, I would set the top and bottom margin each to the (paper height  - 7½)  divided by two and the left and right margins to (paper width- 4½)  divided by two. Unless told otherwise, leave the guttter at 0.
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Michael MurphyAuthor Commented:
I have worked this out having located the measurements in the Paper Window  (Page Layout / Page Setup/ Paper). The measurements of the various page sizes are given there. I can select one and calculate from the size option given, so as to get the size of page I want.
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GrahamSkanRetiredCommented:
Is your answer different from my answer?
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Michael MurphyAuthor Commented:
Sorry Graham. I misread your response, which I can see now is correct.

Obviously I want to award all the points to Graham, as he gave the correct solution (though i still want to clap myself on the back for working it out for myself after misreading his response). Sorry Graham and I am asking the Administrator to rectify this immediately.
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Michael MurphyAuthor Commented:
I think I am after awarding the points correctly now. The Answer given by Graham is correct and readers should disregard my later post. I misread his original post and worked out the solution for myself. Really this was a simple matter and I should not have burdened Experts Exchange with it. Apologies to Graham and hope now this is rectified
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GrahamSkanRetiredCommented:
Thanks. I thought that I might be misreading something.

FYI. Gutter margins refer to the extra space needed on the right-hand of even and the left of odd-numbered  pages to allow room for the binding.
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