Does Villian have odds to call with pockets??

[Webster]

Full Tilt No-Limit Hold'em, $0.10 BB (8 handed) Full Tilt Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Had a good night even with this hand. My question is - does UTG have odds to call this raise? Implied or otherwise? He IS going against a short stack but CO is in the hand Pre flop?

He has pocket 5's.



MP1 ($11.05)
MP2 ($4.30)
CO ($8.85)
Button ($9.50)
Hero ($2.10)
BB ($3.85)
UTG ($13)
UTG+1 ($5)

Preflop: Hero is SB with A[img]/images/graemlins/club.gif[/img], K[img]/images/graemlins/spade.gif[/img].
UTG calls $0.10, <font color="#666666">2 folds</font>, CO calls $0.10, <font color="#666666">1 fold</font>, <font color="#CC3333">Hero raises to $0.45</font>, <font color="#666666">1 fold</font>, UTG calls $0.30, CO calls $0.30.

Flop: ($1.35) 5[img]/images/graemlins/diamond.gif[/img], 8[img]/images/graemlins/heart.gif[/img], K[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">Hero bets $1.7 (All-In)</font>, <font color="#CC3333">UTG raises to $3.4</font>, CO folds.

Turn: ($4.75) Q[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

River: ($4.75) 2[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

Final Pot: $3.05