Holding Other Factors Constant, an Increase in the Capital Gains

Holding other factors constant, an increase in the capital gains tax rate will have

A) more effect on the valuation of dividend-paying stocks than on stocks with high growth prospects.
B) less effect on the valuation of dividend-paying stocks than on stocks with high growth prospects.
C) no effect on the valuations of stocks.
D) the same effect on the valuation of dividend-paying stocks and stocks with high growth prospects.