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The dispersion errors of higher order finite-difference time-domain (HO-FDTD) algorithms are compared to those of multiresolution time-domain (MRTD) algorithms that have equivalent spatial stencil sizes. Both scaling-function-based MRTD (S-MRTD) and wavelet-function-based MRTD (W-MRTD) schemes are considered. In particular, the MRTD schemes considered include the Coifman scaling functions and the Cohen-Daubechies-Feauveau (CDF) biorthogonal scaling and wavelet functions. In general, the HO-FDTD schemes are more accurate than their MRTD counterparts.