False.
The correct homonym to fit the following sentence should be "led".
She LED her friends through the woods.
A homonym is a word that is said or spelled the same way as another word but has a different meaning.
In the above sentence: lead and led are homonyms. Lead is a heavy metal while led means guided.
Other examples homonyms are:
*lays - to recline
laze - to recline with extreme prejudice
leis - several flower necklaces
*made - accomplished
maid - young woman
*manner - method
manor - lord's house
