On January $1,2024,$ Jennifer Baker started to work as an intern in the fixed$-$income department. Her supervisor, Linda Brown, assigned her to analyze interest rate risk associated with investment in bonds issued. Ms$.$ Brown provided Jennifer with the information about four bonds issued. The four bonds are named as A$,$ B$,$ C$,$ and D$.$

Jennifer completed the following table. Based on the results Jennifer needed to report to Linda Brown about which bonds have higher interest rate risk and why.

Suppose that you are Jennifer Bake and write a short memo to Ms$.$ Brown addressing the points.

Table $2$: Summary of Bond Valuation

$\backslash$table$[[,$Bond A$,$Bond B$,$Bond C$,$Bond D$],[$Settlement Date,$\frac{1}{1}\frac{?}{2024},\frac{1}{1}\frac{?}{2024},\frac{1}{1}\frac{?}{2024},\frac{1}{1}\frac{?}{2024}$