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Stock transfer seen as a risky approach with shares at record high.
Move from equities to bonds aims to limit plans' risks.
Company is closing the plan, which covers about 70,000 employees, to reduce costs.
Shortfall swelled as the company spent more than $45B on share buybacks.
Higher PBGC premiums have pressured firms to close funding gap.
Riskiest debtors aren't growing fast enough to pay down borrowings.