Question 29 To reduce interest rate risk, pension fund managers can a. shift from variable-rate to fixed-rate bonds. b.reduce the investment in money market securities. c. increase the average maturity on fixed-rate bonds. d. sell bond futures contracts. Question 30 Life insurance companies can attempt to reduce their exposure to interest rate risk by a. diversifying the age distribution of their customer base. b.concentrating on an older age distribution of their customer base. c. increasing their proportion of long-term assets. d. increasing their proportion of short-term assets