Step 1: The clock loses 16 minutes over a span of 24 hours.
Step 2: In a total of 4 days (which equals 96 hours), the amount of time lost by the clock is:
\[
\frac{16 \times 96}{24} = 64 \, \text{minutes}.
\]
Step 3: By 10 p.m. on the 4th day, the time displayed on the clock will be 64 minutes behind the actual time.
Thus, the correct time should be:
\[
10 \, \text{p.m.} + 64 \, \text{minutes} = 11:04 \, \text{p.m.}.
\]
Hence, the actual time is 11:04 p.m..