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Default Must I use IRM to protect an entire workbook?

I'm trying to protect an entire workbook so that the forumlae will be hidden
from view. I would rather not protect each individual sheet, using a
password for each sheet. However when I try to use the Protect Workbook I'm
taken to sign up for IRM and I don't know why I must? Is there no way to
protect an entire workbook with one password with out signing up for IRM?
 
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