Warrants are call options issued by firms, which gives the holder the right to buy the underlying asset from the firm by
a certain date for a certain price. Many methods for pricing
warrants. In this paper, the value of the warrant will be determined by using Black-Scholes formula and Monte Carlo
simulation. Monte Carlo methods will be used here are standard Monte Carlo and antithetic variable. Warrant value from Black-Scholes formula and Monte Carlo simulation will be compared each other. Convergence warrant value from Monte Carlo simulation to the Black-Scholes formula will be presented here.