Boot an Iso image
You can boot install a bootmanager on CD. That`s called ISOLINUX.
An even better method can be done with grub4dos. Grub4dos can act as an CD-ROM emulator. This is also possible if the BIOS has no native support for booting from CD-ROM.
Note: just like floppy emulation (MEMDISK or grub4dos) this will only work as long the operating system is accessing the virtual disk using the BIOS. After the operating system loaded it`s own drivers for accessing the controller it`s much likely that this virtual disk can be no longer accessed. There is also currently no special application to stop this behavior (either full controller emulation or accessing the disk the legacy method).