Chuckrox

Muni trading at 112 (12 above par), income from muni is 3.584 (112*0.032, taxfree)
Treasury trading at 92 (8 discount to par), income from treasury 2.8566 (92*(0.046)(10.325))
Total income=3.584+2.8566=6.4406
Total portfolio value=92+112=204
Portfolio Yield=6.4406/204=3.15%