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Shares of BioTech Corporation are currently trading for $16.80. Call options on BioTech Corporation shares, which expire in six months with a strike price of

Shares of BioTech Corporation are currently trading for $16.80.

Call options on BioTech Corporation shares, which expire in six months with a strike price of $21.45,

are trading for $3.50. A trader buys one call option contract. Assume that there is one share per contract. At maturity, what is the payoff to the call option holder if the stock price is $22.06?

The payoff to the call option holder is $ (Round to the nearest cent.)

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