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Default How to substitute whole word with different designated letters?

Hi,

Is there a way to substitute letters from a word in a cell, with
predifined letters for the whole word?

Cell A1 contains the word. OLE.
Cells O1:O26 have the letters of the alphabet and cells P1:P26 have
the replacement letter.

I need a formula on cell A15 that will take the word OLE in cell A1
and replace all those letters with its match on cells P1:P26.

Thanks
 
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