Free group representations from vector-valued multiplicative functions. III

Let $pi$ be an irreducible unitary representation of a finitely generated nonabelian free group $Gamma$; suppose $pi$ is weakly contained in the regular representation. In 2001 the first and third authors conjectured that such a representation must be either odd or monotonous or duplicitous. In 2004 they introduced the class of multiplicative representations: this is a large class of representations obtained by looking at the action of $Gamma$ on its Cayley graph. In the second paper of this series we showed that some of the multiplicative representations were monotonous. Here we show that all the other multiplicative representations are either odd or duplicitous. The conjecture is therefore established for multiplicative representations.