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To convert a list of numerical scores into letter grades efficiently, first, add a new column and set the lower bound by typing '0'. Use the shortcut Ctrl + E to activate Flash Fill, which will automatically generate the corresponding lower bounds for the scores. Next, apply the VLOOKUP formula: set your lookup value, reference the range with F4 to fix it, and specify the column index for the return value (column 2). After closing the bracket, press Enter to get the result. Finally, double-click the fill handle to apply the formula down the column, resulting in the accurate letter grades for all scores.