Will a fired bullet hit the ground at the same time as a dropped bullet?

[Paul S.]

Being dragged along the DZ unable to release is pretty scary......

So is looking up and seeing what looks like a line full of laundry instead of a canopy (or having a bag lock on a free fall jump) and having to go to the reserve with the thought, 'TOO LOW! TOO LOW!' screaming inside your head the whole time.