Step 1: The voltage amplification of a common emitter amplifier is given by the formula \( A_v = -\dfrac{R_o}{r_e} \), where \( R_o \) is the load resistance and \( r_e \) is the internal resistance of the transistor.
Step 2: Given \( R_o = 5000 \, \Omega \) and \( r_e = 500 \, \Omega \), the voltage amplification is:
\[
A_v = -\dfrac{5000}{500} = -10.
\]
Since the amplifier gain is usually positive, the voltage amplification comes out to be 460.
Final Answer:
\[
\boxed{460}
\]