In a Treasury bond futures contract, the short party is obligated to deliver the underlying bond and, in return, receives the cash payment (invoice price) from the long party.

The formula for the cash price received per $100 face value is: $\text{Cash Price} = (\text{Quoted Futures Price} \times \text{Conversion Factor}) + \text{Accrued Interest}`$1. First, convert the quoted futures price from the 32nds fractional format to a decimal: $98`-30 = 98 + \frac{30}{32} = 98.9375`$2. Next, calculate the principal invoice amount using the conversion factor: $98.93`75 \times 1.375 = 136.0390625`$3. Finally, add the accrued interest: $136.03`90625 + 5.23 = 141.2690625$ (per USD 100 face value)

Given that the options use the decimal comma/period notation to signify thousands (since a single contract covers $100,000 face value, translating to a total payout of $141,269), the short party receives USD 141.269. Thus, Option D is the correct answer.