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

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