The year is $2040$ in the United States.

The interest rate on a one$-$year bond is $2\%$

$.$ The annual interest rate on a two$-$year bond is $2\%.$ The annual interest rate on a three$-$year bond is $4\%.$ According to the expectations hypothesis, what is the market expecting the one$-$year rate will be in the year $2042?$ That is$,$ what is the value for $?$