Suppose the expected return on Stock X is 8% and its volatility is 30%. The expected return on Stock Y is 4% and its volatility is also 30%. The two stocks have correlation of0.

Calculate the expected return on the portfolio of X and Y that has minimum variance (the minimum variance portfolio). What is the answer in percentage terms rounded to the nearest whole percent (e.g., 8.05% would be written as 8)?