Question: When constructing a multi - period bisomial model by sacking multiple one period binomial model, do the parameters of the revulting multi - period binomial
When constructing a multiperiod bisomial model by sacking multiple one period binomial model, do the parameters of the revulting multiperiod binomial model automatically satity noorbarate principle? Awwme that eakh individual one period binomal model in the stack satiafies the no arbitrage condtion.
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