An iron bar of length \(\mathrm L\) has magnetic moment \(\mathrm M.\) It is bent at the middle of its length such that the two arms make an angle \(60^\circ\) with each other. The magnetic moment of this new magnet is:
1. \( \mathrm M \over 2\)
2. \( \mathrm {2 M}\)
3. \(\)\(\frac{\mathrm{M}}{\sqrt{3}}\)
4. \(\mathrm M\)