Q10: FD Company is currently paying an annual dividend of HK$2.50 per share. The company is experiencing financial recession and going to downsize its outdated operations. The company is decreasing its dividend by 4% annually. What is the current value of this stock at a discount rate of 10.5%. A. HK$ 19.12 B. HK$ 16.55 C. HK$ 20.23 D. HK$ 20.67