> Do I need to pay for parallels and licensed windows separately or are
> they available bundled or what?

Pay Separately.

> Which is better out of all these software?

I like VM Ware.

> What are the risk of viruses using these software?

If you get a virus on Windows, depending on the type of virus the data on the 
Windows portion will get infected and do what ever damage it will do. The files 
on the Mac will be safe since they won't be accessible by the Windows OS.

> So far I am not using any antivirus with my MACs.

I haven't used one either since 2006. No plans on getting one either.


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