Jordan & Sons is being acquired by Chris, Inc. for $$17,500$ worth of Chris stock. Chris, Inc. has $1,500$ shares of stock outstanding at a price of $$25$ a share. Jordan has $1,000$ shares outstanding with a market value of $$16$ a share. The incremental value of the acquisition is $$2,000.$ How many new shares of stock will be issued to complete this acquisition?

Answers given:

$620\mathrm{.}6$ shares

$1,187\mathrm{.}5$ shares

$690\mathrm{.}8$ shares

$760\mathrm{.}0$ shares

$780\mathrm{.}7$ shares