Apple has released iOS 4.3.2 for the iPhone 4 and Verizon iPhone (iPhone 4.2.7) and the good news is that it has already been jailbroken. However, it is tethered jailbreak for now. This mean that your iPhone will boot into jailbroken state everytime you do a soft reset or reboot. Okay, here are the step by step instructions on how to jailbreak your iPhone 4.3.2 using PwnageTool.
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