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This isn't something I've done myself, but a quick google search gave me this guide, which looks correct: http://www.iclarified.com/25182/how-to-downgrade-your-iphone-4-from-ios-6x-to-ios-5x-windows
Keep in mind i'm assuming you have an iphone 4, NOT an iphone 4s. There is currently no way to downgrade the firmware on an iphone 4s from 6.x to 5.x.