What are you required to do according to the following traffic sign?

1. Honk and signal drivers coming from the opposite direction that you intend to yield.
2. Stop and allow vehicles coming from the opposite direction to continue driving.
3. Correct answer: Reduce speed and check if the vehicle coming from the opposite direction yields as required.
4. Continue driving, take right of way, and you are not obliged to slow down.

WhyEven with priority, slow down and make sure the oncoming driver is letting you through. If they have already entered, let them pass.