true or false??

thank you

16. If a stock earns $6 per share and pays a $1.50 dividend, its retention rate is 25%. 17. It is fair to say that analysts rarely forecast next year's book value. 18. The discount rate in the DDM model is the cost of equity. 19. It is easier to value stocks than bonds. 20. If the risk premium is 7% and the risk-free rate is 3%, the market return