Concept:
Magnetic moment of a bar magnet is given by:
\[
M = m(2l)
\]
where:
- \(m\) = pole strength
- \(2l\) = magnetic length of the magnet
When a magnet is cut perpendicular to its length:
- Pole strength remains unchanged
- Length becomes half
Therefore, magnetic moment becomes half.
Step 1: Write the formula for magnetic moment.
Magnetic moment is:
\[
M = m(2l)
\]
where magnetic moment depends directly on magnetic length.
Step 2: Understand the effect of cutting perpendicular to length.
When the magnet is cut perpendicular to its length:
\[
2l \rightarrow l
\]
Thus, new length becomes half.
However, cross-sectional area remains same, so pole strength remains unchanged.
\[
m = \text{constant}
\]
Step 3: Calculate the new magnetic moment.
New magnetic moment:
\[
M' = m(l)
\]
But,
\[
M = m(2l)
\]
Therefore,
\[
M' = \frac{M}{2}
\]
Hence, magnetic moment of each part is:
\[
\boxed{\frac{M}{2}}
\]