Summary statistics for returns on two stocks X and Y are listed below.

Mean Variance

Stock X $3\mathrm{.}16\%0\mathrm{.}005000$

Stock Y $2\mathrm{.}97\%0\mathrm{.}004000$

The covariance of returns on stocks X and Y is $0\mathrm{.}003700.$ Consider a portfolio of $20\%$ stock X and $80\%$ stock Y$.$

What is the mean of portfolio returns?

Please specify your answer in decimal terms and round your answer to the nearest thousandth $($e$.$g$.,$ enter $12\mathrm{.}3$ percent as $0\mathrm{.}123).$