Interpret the relevant section in the table and explain the manifestation of why Fama and French suggest that the CAPM should be augmented with Book-to-Market to describe stock returns in the cross-section.

On the following page is an excerpt of a table replicated from The cross section of expected stock returns (Journal of Finance, Fama and French(1992)). Interpret the relevant section in the table and explain the manifestation of why Fama and French suggest that the CAPM should be augmented with Book-to-Market to describe stock returns in the cross-section.

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