Here is the output of the /etc/vmware/config file after doing the steps mentioned.
[root@localhost:~] cat /etc/vmware/config
libdir = "/usr/lib/vmware"
authd.proxy.nfc = "vmware-hostd:ha-nfc"
authd.proxy.nfcssl = "vmware-hostd:ha-nfcssl"
authd.proxy.vpxa-nfcssl = "vmware-vpxa:vpxa-nfcssl"
authd.proxy.vpxa-nfc = "vmware-vpxa:vpxa-nfc"
authd.fullpath = "/sbin/authd"
vmx.fullpath = "/bin/vmx"
isolation.tools.copy.disable="FALSE"
isolation.tools.paste.disable="FALSE"
[root@localhost:~]
It still is not allowing me to copy and paste.