Caramel Peach Sauce

Caramel Peach Sauce was pinched from <a href="http://www.marthastewart.com/317621/caramel-peach-sauce" target="_blank">www.marthastewart.com.</a>

"Use this to make our Peach Icebox Cake...."

INGREDIENTS
4 large, ripe peaches (about 1 3/4 pounds)
3/4 cup sugar
1/2 cup water
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