WinCDEmu by Sysprogs is a virtual drive emulator that gives you the possibility to mount various types of disc images. Even if there is no version of WinCDEmu for Mac available for download, you can try using other applications that can help you mount your disc image files. This list contains some alternatives to WinCDEmu for Mac.
Feel free to add any alternative to WinCDEmu for Mac that you know of.
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Don't like the limited trial version of DMG Master.