Static constants and the HLSL compiler

I'd like to know whether the HLSL compiler is smart enough sort out conditions that depend on constants. Specifically, I want to know what it will do in these two made-up examples.

1)

Code:

const static int myconstant = 3;
float myvar = (myconstant == 3 || checksomething()) ? getsomething() : getsomethingelse();

2)

Code:

const static int myconstant = 3;
if (myconstant == 3 || checksomething())
{
float myvar = getsomething();
}
else
{
float myvar = getsomethingelse();
}

In both cases I'd want the compiler to end up with simply

Code:

float myvar = getsomething();

Will it?