Stir together first 5 ingredients in a large saucepan; bring to a boil over medium-high heat, stirring often.
Reduce heat; simmer, stirring often, 15 minutes or until cranberries pop and mixture starts to thicken. Remove from heat, and stir in sweetened dried cranberries. Cool. Cover and chill until ready to serve.
Note: Mixture can be stored in the refrigerator for up to 2 weeks.
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