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Step 1
In a medium saucepan, combine all ingredients except for the bourbon.
Step 2
Bring to a boil over high heat, then reduce the heat to low and simmer, stirring occasionally, for 10 to 15 minutes, or until the color deepens and the sugars caramelize.
Step 3
Season with salt, if needed, and stir in the bourbon. Let cool completely before refrigerating.