Answer
$15,600$
Work Step by Step
Order of the letters matter - Permutations.
We are taking r=3 from n=26 letters, $P(n,r)=\displaystyle \frac{n!}{(n-r)!}$.
$P(26,3)=\displaystyle \frac{26!}{(26-3)!}=\frac{26\times 25\times 24\times 23!}{23!}\\=26\times 25\times 24=15,600$