Bond A has a time to maturity of $16$ years and a duration of $14\mathrm{.}23$ years. Bond $B$ has a time to maturity of $18$ years and a duration of $12\mathrm{.}28$ years. Which bond has more interest rate risk and why?

A$.$ Bond $B$ because it has the longer time to maturity.

B$.$ Bond $B$ because it has the shorter duration.

C$.$ Bond A because it has the longer duration.

D$.$ Bond A because it has the shorter time to maturity.