Making my own Honey liqueur

Hi all,

I want to make my own Honey liqueur. I have 450 grams of Honey (326 mL) and upto 1.4 L of 40% Wodka (two bottles of 700 mL).

Since the alcohol percentage is 40%, can I state that one bottle of Wodka of 700 mL actually contains 280 mL of pure alcohol?

If so, If I would combine the 326 mL Honey with the 700 mL of Wodka to a total of 1026 mL; would that mean that I have a Honey liqueur with 27% alcohol (280 / 1026)?