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Assume a midpoint of $32,000 per year and a 40% range spread. The individual is curretnly being paid at an 83% compa-ratio. The individual receives a 7% pay increase. On January 1, 2014 the entire pay grade increases by 2.5%
A. Calculate the new compa-ratio for this individual after receiving the 7% pay increase.
B. Calculate the new midpoint, minimum, and maximum as of January 1, 2014.
C. Calculate the individual's new compa ratio as of January 1, 2014.

Operation Management, Management Studies

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