damitr

The classical monkey and the hunter paradox goes something like this :

A monkey sitting on a tree top is aimed at by a hunter. As soon as hunter shoots the monkey jumps down. The bullet hits the monkey even when it has jumped because they both fall with same acceleration viz. g.

My question is:

If the monkey does not jump, will the bullet still hit him?
Does the hunter have to aim a little higher to get the correct shot?