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Combine all of the dry ingredients in the bowl of your mixer. Heat the milk, water, and oil until it's between 120°-130° F. Pour the hot liquid over the dry ingredients, and using a paddle attachment (or a wooden spoon if mixing by hand), beat the ingredients together for about 3 minutes to form a dough that is soft and elastic. This dough is more like a batter than traditional bread dough, so it will be quite slack.
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Lightly grease a loaf pan and dust the inside of the pan with cornmeal. This will help the finished bread to release and give your loaf that traditional English muffin texture.
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Pour your bread dough into the prepared pan, and level as much as possible.
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Put your pan of bread dough aside, covered loosely, so it can rise for about an hour. You want your dough to rise just above the height of the pan.
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While the dough is rising, preheat your oven to 400°F. When your dough has risen, bake your bread for 25-27 minutes. It will be golden brown. If you want to guarantee it is baked all the way through, check for an internal temperature of 190°.
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Once your bread is finished baking, allow it to cool for 5 minutes in the pan before turning it out on a wire rack. Cool your bread completely before slicing.