Jailbreak Out !
You need Redsn0w 0.9.6rc13 to Jailbreak 4.3.2.
Step Bu Step TUT :
Step 1: Download iOS 4.3.2 for iPhone, iPad or iPod touch. (download links given in The Downloads Section of the Website).Also Download Redsnow 0.9.6rc13 From The Downloads Section.
Step 2: Update/Restore to iOS 4.3.2 firmware using the IPSW file you just downloaded via iTunes 10.2.1 +
Step 3: Start Redsn0w and point it to the official iOS 4.3.2 firmware file.
Step 4: Now select “Install Cydia” and click “Next”,Don’t Select Any other Option if you don’t have any experience jailbreaking.
Step 5: Now make sure your device is both OFF and PLUGGED IN to the computer before you click “Next”.
Now Follow the Onscreen Instructions and Put Your iDevice into DFU(Device Firmware update mode).
Step 6: Sit back and enjoy while Redsn0w does the rest for you. Once done, your iPhone, iPad or iPod touch will restart automatically and you will find it fully jailbroken (untethered) on the latest iOS 4.3.2 firmware.