The following paper includes different concepts regarding finance. It covers the trend in American companies of promoting financial officers to CEO, decision regarding discount rate, decision of using CAPM, accuracy of calculation of NPV, and convertible debentures. Finance Question 1 There has been a trend all across America of promoting financial officers to the position of CEO of the company. This practice has some advantages and some disadvantages of the following. A Chief Executive Officer of a company is responsible for all the aspects of the organization. Those aspects of the organization include; decisions regarding human resource functions, operations of the organization, budgeting of the operations, strategic management and other financial decisions.