The word "MASTER" has 6 letters, with the following frequencies: M, A, S, T, E, R (all distinct). The total number of permutations of the letters of the word is \( 6! = 720 \).
Step 1: To find the rank of the word "MASTER," we count the number of words that come before it in dictionary order.
1. First, count all permutations that start with a letter less than M (i.e., A, E, R, S, T).
2. Then, fix M, and count permutations starting with MA, MS, etc., until we reach MASTER.
After computing the number of words that come before "MASTER," the rank is found to be 257.