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A trader shorts 266 shares of OverPriced.com at $31.21 per share. Initial margin requirements are 58%. The trader closes the position at a price of

A trader shorts 266 shares of OverPriced.com at $31.21 per share. Initial margin requirements are 58%.

The trader closes the position at a price of $23.06. What is the holding period return for the trade?

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