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Zhiyuan Futures: What do you mean by winning bid rate, marginal multiple and full-court multiple?
After the bidding, the issuing system sorts the effective bidding prices of the underwriters in a certain order and accumulates the bidding amount until the predetermined issuance amount is reached. At this time, the price is the winning price of this public bidding, and the winning underwriters all win the bid at this price or interest rate. This price is also called the winning bid price or the winning bid interest rate.