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책을 보다 and 책을 읽다 means nearly the same.
Literally, '보다' = to see, to look, to observe, to watch etc.
'읽다 ' = to read, to study, etc.
But, we use both expressions at the same situation.
지켜보다 = to look at, to see, to observe, to watch etc, especially with care.
지켜요? = to keep a rule, to protect something/someone, to keep something/someone etc.