Chris Johnson fund managers has proposed him to invest on Jigsaw Berhad where the firm is setting the terms on a new issue of bonds with warrants. The bonds will have a 30-year maturity and annual interest payments. Each bond will come with 20 warrants that give the holder the right to purchase one share of share per warrant. The fund manager estimate that the value of each warrant will be RM10.50. The interest rate is 10 percent. Calculate the coupon rate should be set on the bonds-with-warrants so that the package would sell for RM1,000.