Bank A is being examined by regulators to determine the interest rate sensitivity of its balance sheet. The bank has assets composed solely of a 10-year $2 million loan with a coupon rate and yield of 5% The loan is financed with a 10-year, $2 million dollar CD with a yield of 3%. If market interest rates increase by 1% calculate the change in market value of the assets and liabilities and the resulting change in market value of equity.