Pricing the innovative reset options with power payoff

In order to adapt to different requirements of the investors, an innovative reset options with power payoff at the time of maturity is devised. Furthermore, it's pricing formula is obtained by using methods of martingale and stochastic analysis when bond price is a specified function of time, where markets is complete and no-arbitrage; there are no transaction costs; both bond and stock are freely and instantaneously tradable either long or short at the price quoted.