Question 5: Your colleague, a financial advisor, suggested the following statement to his clients: "Given the current spot rates seen in the snapshot below taken from the Wall Street Journal website, it's best to wait and invest at a higher rate in the future instead of investing right now." Based on your knowledge of short-term rates introduced in FIN 321, critically analyze whether the statement above is correct, and more importantly WHY (or WHY NOT)? 4 FIN 321 - WINTER 2024 - Homework 5 (DUE 3/20/2024) U.S.Treasurys 6:25 PM EDT 3/12/24 CPN PRC YLD YLD (%) CHG (%) CHG 10-Year Note 5% 30-Year 4.25 2/32 4.320 0.056 BX:TMUBMUSD10Y 3.833% Bond 4% 10-Year 4 0/32 4.162 0.002 Note 7-Year 4.25 2/32 4.164 0.064 3% Note 5-Year 4.25 -3/32 4.157 0.067 2% Note 3-Year 4.25 3/32 4.338 0.066 1% Note 2-Year 4.625 1/32 4.586 0.025 Note 0% 2022 2023 2024 1-Year Bill 0 0/32 4.996 -0.006 6-Month Bill 0 0/32 5.313 -0.005 10-Year Note 3-Month Bill 0 0/32 5.379 0.005 1D 5D 3M YTD 1Y 3Y